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Tribal Group Plc (TRB:LSE), the consultancy, professional support and delivery services group focused on the public sector, has published a trading update covering the period from 30 June 2009 to date. The group says:
"The Board now believes that underlying profit before tax for the year ending 31 December 2009 will be in line with the prior year (as adjusted for discontinued operations. 2008 : 17.8 million Pounds)."
They went on to say "Whilst a number of our markets will remain challenging, we believe that there are significant opportunities to grow the business, both in the UK and internationally. Education and health will remain priorities for all governments and the pressure for public sector reform will increase. The actions that we are taking will further strengthen the Group in areas that are strategically important to its future growth."
In early trading Tribal Group's shares were up by 2.68% to 76.75 Pence