Our Results >

Pinnacle Staffing Group plc, (AIM: PCL) the healthcare recruitment group, announces its full year results for the year ended 3rd January 2010.

Key Points

  • Transfer of all group central functions to the head office in Luton.
  • Establishment of the new Doctors division.
  • Acquisition of The Compliance Company (GB) Limited.
  • Substantial increase in the level of NHS demand for the services of the British Nursing Association ("BNA").

Income Statement
for the 52 weeks ended 3rd January 2010
  52
weeks to 03/01/10
£0
52
weeks to 04/01/2009
£0
Revenue 40,201 38,116
Cost of sales (31,916) (30,848)
Gross profit 8,285 7,268
Marketing and sales (4,743) (2,670)
Administrative expenses (4,052) (5,563)
Impairment of goodwill and intangible assets (864) (6,009)
Negative goodwill 285 -
Operating loss (1,089) (6,974)
Finance income - 4
Finance expense (181) (244)
Loss before taxation (1,270) (7,214)
Tax (expense)/credit (27) 132
Loss for the period (1,297) (7,082)
Other comprehensive income - -
Total comprehensive loss for the period (1,297) (7,082)
Attributable to:
Equity holders of the company (1,249) (7,082)
Minority interest (48) -
  (1,297) (7,082)
Analysis:
EBITDA 1 (362)
Depreciation of property, plant and equipment (289) (317)
Amortisation of intangible assets (222) (286)
Impairment of goodwill and intangible assets (864) (6,009)
Negative goodwill 285 -
Operating loss (1,089) (6,974)
Loss per 10p share    
Basic (1.38p) (8.08p)
Diluted (1.38p) (8.08p)