Networkers International is expecting pre-tax earnings and profits per share prior to exceptional items to meet the year?s expectations from the boardroom.
It expected that the record levels of net fee income from 2011 would continue for the entire year of 2012.
The company told Stock Market Wire:
?Permanent net fee income has shown growth of approximately 19% for the year more than offsetting the expected reduction of 3.6% in contract placement net fee income. Permanent placements represent just over 20% of net fee income.
?The Group has maintained its proportion of international business at over 70% of net fee income.?
For the year, it saw a net cash inflow of around ?5m before owning dividend payments and share purchases, which totalled ?3m. This saw net debt at year end dropping to around ?7m. This was all fundamentally invoice discounting.
The firm had strong liquidity and an impressive balance sheet, with assets standing at around ?14m.
Spencer Manuel, CEO, said:
?Overall, 2012 has been another successful year for the group, with a particularly strong H1. This is especially pleasing given the backdrop of a challenging global economic environment.?
Looking to the future, the firm said that it expected trading this year to be largely similar to that of 2012. At the present moment, it doesn?t include anything for the prospects of the worldwide 4G Networks investment, which should impact positively upon its telecoms division.
Manuel said it is difficult right now to gauge when exactly this will happen.
No comments yet.
Source: http://www.psfinance.co.uk/pre-tax-profit-meets-expectations-for-networkers-intl-1742.html
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