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UK — Pinnacle reports a pre-tax loss of 425,000 Pounds

31 July 2009

Pinnacle Staffing Group plc (PCL:LSE), the health care recruitment group, has provided an update on trading for the six months to 5 July 2009 ahead of the announcement of its interim results on 24 September 2009.

Revenues for the first six months of 2009 are expected to show turnover slightly lower than in the comparable period last year at approximately £19.3 million with a pre-tax loss in the region of £425,000. A higher level of turnover is anticipated for the second half of the year and the Board still expects to be able to report a small profit for the year as a whole.

The nursing division, which comprises the BNA branches and the Mayfair and Grosvenor brands has delivered returns in line with budget.

Pinnacle has successfully demerged from Nestor and admitted to trading on AIM on 5 September 2006. The new business consists of the former Nursing and Allied Health Professionals temporary staffing businesses of Nestor.

Pinnacle is a UK supplier of temporary and permanent health care staff. The company provides nurses, doctors, carers and other medical personnel to both the National Health Service (NHS) and the independent markets.

In early trading Pinnacle’s shares were unchanged at 3.00 Pounds.



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