Higher costs have offset increased revenues at recruitment firm Hydrogen Group in the first half of 2013.
Net fee income will be slightly higher than the same period last year. An increasing proportion of this is coming from outside of the UK. Oil and gas and life sciences are both growing. Additional management have been hired and new offices opened in Houston, the first office in the US, and Stavanger, Norway.
Shore Capital has cut its 2013 earnings per share forecast by 13% to 8.4p a share, down from 9.6p a share in
At 91.5p a share, Hydrogen is valued at £21.8m. The shares are trading on 11 times prospective 2013 earnings, falling to nine in 2014.
The interim figures will be published on 9 September.
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