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UK — Hydrogen expects operating profit for 2010 will be higher than anticipated by market

30 April 2010

Hydrogen Group plc (HYDG:LSE), the specialist professional recruitment business, has today issued an update on trading for the calendar year to date.

"As outlined at the time of the preliminary results on 3 March 2010, the Group has begun to see signs of improvement in some of its UK and international markets. Driven by growth in the UK financial services market and particularly strong performances internationally, the Board expects that operating profit for the year ended 31 December 2010 will be ahead of market expectations."


"We remain cautiously optimistic in our outlook for the remainder of 2010 on the basis of the on-going economic uncertainty which continues to affect some of our markets. The Board will continue to maintain a tight control over costs going forward whilst still investing selectively in the business where we see growth opportunities."

Ian Temple, Executive Chairman, commented "the business has maintained a strong platform in uncertain markets and I am pleased that the actions we have taken to strengthen the Group are beginning to be reflected in the progress we have made so far this year."

In early trading Hydrogen's shares were up by +6.72% to 127 Pence.

 

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