| |
Difficult Year for Pulse
KPO specialist Pulse Group has reported pre-tax losses of almost £1m for the full year to the end of May, up from just £171,900 the previous year.
Pre-tax losses for 2008-9 were £990,000. Revenues rose 7% to £1.13m, but administrative costs far outpaced them, rising to £1.03m from £596,516 in 2007-8 - among these were costs relating to the firm's IPO, announced in June 2008.
Chairman and CEO Bob Chua said the second half of the financial year had been 'particularly challenging for the industry as a whole' but added: 'Pulse's management team has continued to secure multiple lucrative projects which is believed to lead to the development of long -term sustainable turnover'.
The firm is online at www.pulse-group.com .
|
