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Nakama Group

  • BY: Andrew Hore |
  • POSTED: 28/10/2013 |

IT and digital media recruitment firm Nakama Group says trading was tough in the UK in the first half but Asia Pacific business is growing.

Net fee income increased by 3% to 2.13m in the six months to September 2013. Permanent recruitment fees increased by 27% but there were fewer contractors placed in the UK. Pre-amortisation and exceptional profit fell from 156,000 to 111,000. There was an exchange loss of 47,000 on the Asia Pacific operations but it still moved back into profit.

Stefan Ciecierski stepped down as chief executive in May. There was no indication of how big any pay off might have been. He was replaced on the board by the bosses of the Asia Pacific and UK operations.

At 1.38p a share, up 0.18p, Nakama is valued at 1.63m. Net debt was 707,000 at the end of June 2013.

The second half trading should be stronger than in the first half. Demand for digital and big data expertise in Asia is booming. The UK has started offering temporary marketing staff for digital and technology firms.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2013_49.pdf

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