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Wyatt Group

  • BY: Andrew Hore |
  • POSTED: 16/05/2008 |

Wyatt Group says that its continuing operations will make a profit in the year to March 2008.

There will be a reported loss for the period because of the costs of selling the trade and assets of fire risk assessment business Risksmart and mothballing Wyatt Biotech.

In the first half Wyatt reported a profit of £174,000 after a £68,000 investment impairment charge. Turnover was £2.11m. A profit of £241,000 was reported in 2006-07.

Wyatt can concentrate on its core employment services business and look for acquisitions. Last September it bought a small health and safety business and it is looking for more of this type of acquisition.

The shares were unchanged at 8p, valuing the company at £1.13m.

The full year results will be announced before the end of July.

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