Hogg Robinson Grp (HRG.L) reported full year profit attributable to owners of the company of 24.0 million pounds or 7.3 pence per share compared to 22.3 million pounds or 7.0 pence per share last year. Underlying profit for the financial year was 27.5 million pounds or 8.1 pence per share.
Profit before tax for the twelve months totaled 34.3 million pounds versus 34.1 million pounds posted year ago. Underlying pre-tax profit amounted to 38.3 million pounds.
The company's revenue for the year decreased to 343.2 million pounds from previous year's 374.2 million pounds.
Hogg Robinson stated that it expects trading conditions in industry to remain weak. However, primarily as a result of initiatives to drive incremental revenue growth, cost reduction programme and the benefit of new business wins, it anticipates to make further progress through the rest of
the year.
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