Consultancy and drug testing company Wyatt Group has moved into profit for the first time.
PES, which provides employment related consultancy, was the best performer and it continues to trade strongly this year. New fire safety legislation came into effect last October and this has helped move online fire risk assessment business Risksmart towards breakeven. The drug testing business was hit by delays and its costs are being cut. Wyatt swung from a loss of £717,000 to a profit of £108,000 in the year to March 2007. Net debt reduced from £894,000 to £658,000. The shares rose 1p to 15p on the morning of the announcement. It floated in March 2001 at 25p a share.
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