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Hydrogen warns on profits due UK, Hong Kong weakness

By BFN News | 02:26 PM | Friday 15 November, 2019

Specialist recruitment company Hydrogen warned its annual profit would come in below current market expectations amid a deterioration of trading conditions in the fourth quarter. The company said that demand levels in the UK had continued to be impacted by growing political uncertainty. In the Asia Pacific region, meanwhile, public disorder and demonstrations in Hong Kong were now having a material impact on activity levels. 'As a result, the board expects the group's full year underlying profit before tax to be below current management expectations,' Hyrdogen said. 'The board continues to have confidence in the group's future prospects and will provide a further update in the new year. ' At 2:26pm: (LON:HYDG) Hydrogen Group PLC share price was -15.5p at 39p Story provided by

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