Nakama Group moved from break even to a £270,000 loss in the year to March 2017.
The technology and financial services recruitment firm increased its net fee income by 8% to £6.19m. The growth came from Asia Pacific.
Trading in the first two months this year is ahead of the same period last year. The new customer relationship management system should improve efficiency.
Management admits that it needs to seek acquisitions to grow the group faster than can be done organically.
House broker WH Ireland has left its forecasts under review. At 1.75p a share, Nakama is worth just over £2m.
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