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Primeserv interim earnings up

Nov 30 2012 08:30 I-Net Bridge

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Primeserv earnings take a dip

 

Johannesburg – Primeserv Group [JSE:PMV] lifted diluted headline earnings from 4.33 cents to 4.63 cents for the six months ended September.

Revenue for the half-year grew from R307.357m to R340.428m.

“Operating results for the six-month interim period ended 30 September 2012 were encouraging‚ given the volatile legislative and economic environment facing the temporary employment services industry‚ the group stated.

Operationally‚ Primeserv said‚ the group continued to focus on managing its costs and working capital‚ implementing its reorganisation plan‚ driving efficiencies and delivering an integrated HR value offering to its clients.

“Strategically‚ the group is actively working to increase the realisable value creation opportunities inherent in its operating subsidiaries‚” it added.

 
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