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Hydrogen Group

  • BY: Andrew Hore |
  • POSTED: 22/07/2014 |

Recruitment firm Hydrogen Group says that net fee income will decline in the first half.

In the six months to June 2014, net fee income is 7% lower or 4% lower on a constant currency basis. Hydrogen has been hit by delays in placing people in jobs. The business is cash generative but there will be a 1.8m exceptional cost relating to a restructuring of the business.

At 78p a share, down 4.5p, Hydrogen is valued at 18.6m.

The interim figures will be announced on 16 September.

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