Our Results >
Pinnacle Staffing Group Plc ("Pinnacle"), the specialist temporary healthcare recruitment group, announces its full year results for the 53 week period ended 6 January 2008.
| 53 weeks ended 6 January 2008 £000's |
17 weeks ended 31 December 2006 £000's |
|
|---|---|---|
| Revenue | 43,466 | 17,967 |
| Gross profit | 8,167 | 3,910 |
| EBITDA before exceptional items | 264 | 795 |
| Operating (loss) / profit | (461) | 560 |
| (Loss) / profit before tax | (633) | 365 |
| Diluted (loss) / earnings per share (pence) | (0.79) | 0.29 |
- A transitional year as the Group tackled several years of decline and under-investment in the business
- Operational action plan rolled out in 2007 to address core issues of recruitment, retention and utilisation of temporary staff
- Business restructured to support the Group's commitment to quality and compliance, national coverage and continued focus on the healthcare staffing market.
Commenting on the results, Jacqui Skinner, Chief Executive of Pinnacle said:
"Our market is driven by the availability of temporary staff because the NHS Framework Agreements have significantly reduced the historical differential between the pay rates of temporary staff and those in substantive posts. In addition to meeting our NHS commitments in acute care, we will continue to develop higher margin business in other sectors of the healthcare market. With our restructuring measures, the rollout of the operational action plan and the continued commitment to quality, we believe we have a platform for positive progress in 2008."