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Hydrogen forecasts small rise in first-half fee income

By BFN News | 02:18 PM | Monday 15 July, 2019


Recruitment company Hydrogen Group forecast a small rise fee income in the first half, amid pressure on its earnings in the UK and Asia Pacific. The company said fee income for the six months through June totalled 'more than £15m'. It did not provide a comparative figure, though last year the group reported first-half net fee income of £14.8m. 'The group has continued to trade in line with management's expectations,' Hydrogen said. 'As noted at the annual general meeting on 23 May, the group's performance in the year to date has been impacted by weaker trading conditions in certain of its APAC businesses and by Brexit related uncertainty dampening demand in the UK.' 'Conversely, the group's US operations continue to trade strongly.' 'This geographic diversity of global operations is enabling the group to continue to grow and gives management confidence in its prospects for 2019 and beyond.' At 2:18pm: (LON:HYDG) Hydrogen Group PLC share price was -0.5p at 78p Story provided by StockMarketWire.com

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