UK-based specialist recruitment services provider Nakama Group (NAK:LSE) provided a trading update, based on the group's "flash" results for the third quarter of the financial year ending 31 March 2019.

During the third quarter, the group's Asian trading performance fell below management's expectations, generating less revenue than had been projected, which materially affected the group's profitability.

As a result, the company's third quarter was loss making, resulting in the company achieving breakeven over the first three quarters of the current financial year (having announced an interim profit before tax of £186,000 for the six months ended 30 September 2018).

Since the start of the new calendar year the group has seen an improved performance from all its offices, with more client activity and contractor demands.

Looking ahead, management stated that it will continue to implement tighter controls, forecasting and operational efficiencies.

 As of last trade, Nakama Group traded at £1.03, no change on the day and 66.67% above the 52 week low of £0.615 set on 16 April 2018. Based on its current share price the company has a market value of £1.21 million.