OPD Opd Group

 

TIDMOPD 
 
RNS Number : 0800M 
OPD Group PLC 
18 May 2010 
 

For immediate release 
 
18 May 2010 
 
                                    OPD Group 
 
                          Interim Management Statement 
 
 
OPD Group plc ("the Group"), the recruitment services organisation, is today 
issuing an Interim Management Statement covering the period from 1 January 2010 
to 18 May 2010. 
 
Net Fee Income ("Gross Profit or NFI") for the OPD Group (PSD and Hoggett 
Bowers) for the first four months of 2010 was down 3% compared to the 
comparative period for 2009. 
 
On 8 January 2010 OPD Group disposed of 50.1% of Odgers and now owns 49.9% of 
this business. The NFI of Odgers for the first four months of 2010 was up 9% 
compared to the comparative period for 2009. 
 
The cost reduction plan implemented last year has reduced the Group's cost base 
and the Group has traded profitably for the first four months of 2010. 
 
In the preliminary announcement published on 23 April 2010 the Group announced 
that it was discussing with senior management of PSD and Hoggett Bowers the 
possibility of the management team acquiring a significant holding in these 
businesses. These discussions are still ongoing and a  further announcement will 
be made at the appropriate time. 
 
As announced on 30 April 2010, it is the Company's intention to put a resolution 
to shareholders to cancel the listing of the Company's shares on the Official 
List and their admission to trading on the main market of the London Stock 
Exchange.  The Board is working on these proposals and a further announcement 
will be made in due course. 
 
 
 
For further information contact: 
 
Ian Moss, Finance Director 
Tel: 0207 970 9700 
OPD Group plc 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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