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Gattaca PLC - Whiteley, England-based recruitment services provider - For the year ended July 31, reports a swing to a pretax loss of £4.8 million from a profit of £812,000 a year ago. Underlying pretax profit drops to £256,000 from £1.8 million, but expects financial year 2023 underlying pretax profit to rise to £2.5 million. Revenue falls 3.1% to £403.3 million from £415.7 million. Administrative expenses widen 22% to £49.2 million from £40.2 million. Pauses dividend again, after paying 1.5 pence per share a year ago, which was predated by a halt in payouts two years ago.
Looking ahead, Chief Executive Officer Matthew Wragg says: "Today, with a new leadership structure, a more engaged workforce and early signs of more consistent and improved performance, we are on track to be a stronger business. Whilst we remain conscious of the uncertain macro-economic environment, we are far better set up for success than we were 12 months ago and have a roadmap for further improvements. I am excited about the journey that we are all on and the start that we have made."/
Current stock price: 73.50 pence, down 7.0% on Thursday
12-month change: down 64%
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