LONDON--Norman Broadbent PLC (NBB.LN), a recruitment services
company, Friday said its Chairman Pierce Casey is retiring, as it
posted a rise in yearly earnings on higher revenue.
Mr. Casey will leave the group on June 30, the company said in a
statement. Scanes Bentley is joining as chairman elect with
immediate effect, it said.
Mr. Bentley is a non-executive chairman, non-executive director
and strategic advisor to a number of businesses and most recently
was a partner for 12 years at management consulting group Accenture
PLC (ACN), it said in a statement.
The group said its gross profit from continuing operations in
the year ended Dec. 31 rose 6% year-over-year to GBP7.1 million
($11.1 million). Revenue from continuing operations increased by
11% year-over-year to GBP7.6 million.
Operating loss from continuing operations narrowed to GBP932,000
from a loss of GBP1.16 billion, it said, as the company invests in
its business, it said.
It said first-quarter profit and revenue has exceeded company
expectations.
At 0705 GMT, shares were unchanged at 20.5 pence, valuing the
company at GBP4 million.
--Write to Simon Zekaria at simon.zekaria@wsj.com
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