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Hydrogen Group

  • BY: Andrew Hore |
  • POSTED: 24/01/2017 |

Recruitment firm Hydrogen says it has returned to profit in 2016. 

Net fee income will be around £17.8m for the full year, which is double the interim level but lower than the £18.6m reported for 2015. International revenues are a significant contributor. Hydrogen will report a pre-tax profit of £750,000 compared with a loss of £703,000 before exceptional charges of £5.5m.

Net cash has declined from £2.6m to £2m because of a rise in trade debtors. That suggests that there was a strong end to the year.

The 2016 figures will be published on 4 April.

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