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Pinnacle, the specialist temporary healthcare recruitment group announces its interim results for the six months ended 5 July 2009.
Key Points
- Turnover was £19.3 million (2008: £19.9million)
- Pre-tax Loss before credit for negative goodwill £425,000 (2008: Pre-tax Loss £6,234,000)
- Nursing brands on new NHS PASA framework and well placed to grow revenue.
- Doctors business continues to grow steadily.
| Unaudited 6 months ended 05/07/09 £0 |
Unaudited 6 months ended 06/07/2008 £0 |
|
|---|---|---|
| Revenue | 19,311 | 19,907 |
| Cost of sales | (15,507) | (16,182) |
| Gross profit | 3,804 | 3,725 |
| Marketing and sales | (1,916) | (1,318) |
| Administrative expenses | (1,942) | (8,525) |
| Operating loss | (54) | (6,118) |
| Finance income | 22 | - |
| Finance expense | (105) | (116) |
| Loss before taxation | (137) | (6,234) |
| Tax credit/(expense) | 14 | (22) |
| Loss for the period | (123) | (6,256) |
| Analysis: | ||
| EBITDA | (65) | 101 |
| Depreciation of property, plant and equipment | (185) | (147) |
| Amortisation of intangible assets | (92) | (143) |
| Impairment of goodwill and intangible assets | - | (5,929) |
| Negative goodwill | 288 | - |
| Operating loss | (54) | (6,118) |
| Loss per 10p share | ||
| Basic | (0.13p) | (7.14p) |
| Diluted | (0.13p) | (7.14p) |