Impellam Group Plc (IPEL.L, IGPPF.PK), a holding company for outsourcing & staffing services, reported Thursday that its fiscal 2013 pre-tax loss was 1.1 million pounds, compared to prior year's profit of 15.8 million pounds.
The latest results included non-recurring items of 23.2 million pounds, comprising provisions for onerous contracts in the Carlisle business and the impairment of consequently impacted fixed assets directly associated with these contracts as previously highlighted.
Loss attributable to owners of the parent was 1 million pounds, compared to profit of 9.8 million pounds a year ago.
Basic loss per share was 2.3 pence, compared to earnings per share of 22.2 pence a year ago. Adjusted basic earnings per share was 62.0 pence, compared to last year's 59.0 pence.
Operating profit was 0.4 million pounds, lower than last year's 17.3 million pounds. Operating profit before items was 28.6 million pounds, compared to 33.6 million pounds last year.
Revenue edged down 0.4 percent to 1.206 billion pounds from last year's 1.211 billion pounds. Core staffing revenues, however, increased 0.8 percent to 1.137 billion.
Further, the company said a final dividend of 7 pence per share proposed to be approved at the AGM to be convened for June. The dividend is payable on 25 July to all shareholders on the register at July 4. This makes a total dividend of 12 pence for 2013.
In London, Impellam shares are currently trading at 380 pence, down 9 pence or 2.31 percent.
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