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Prime People

  • BY: Andrew Hore |
  • POSTED: 12/01/2009 |

December trading was difficult and Prime People says that its full year results will be significantly below expectations.

The construction and property recruitment specialist has cut its costs to reflect the reduced trading activity.

The shares fell 4p to 13.5p each, which values Prime People at £1.62m.

The interim figures showed a small decline in net fee income from £7.11m to £6.68m in the six months to September 2008. International net fee income grew while UK income fell. Profits dipped from £1.02m to £994,000.

There was net cash of £1.07m at the end of September 2008 and the interim dividend was passed in order to preserve cash. 

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