Work Group Plc. (WORK.L) announced preliminary results for the year ended 31 December 2012. Loss for the year attributable to owners of the company was 8.13 million pounds, compared to profit of 31 thousand pounds last year.
Loss per share was 32.49 pence, compared to a profit of 0.12 pence in the previous year.
Loss before taxation was 8.17 million pounds, compared to profit before taxation of 59 thousand pounds in the prior year.
Adjusted loss per share was 0.71 pence, compared to profit of 1.59 pence in the prior year.
Annual revenue declined to 18.39 million pounds from 21.70 million pounds in the prior year.
While overall economic conditions may be forecast to improve slightly, they are not expected to lead to any significant upturn in employers' expenditure. So we remain cautious in our outlook; but we are confident that the major changes that we have made to the business in 2012 will allow us to benefit rapidly from any upturn," the company said.
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