News

OneClick HR report pre-tax loss

24 April 2008 08:36:00

HR solutions group OneClickHR reported a full-year pre-tax loss after 'significant' sales and marketing costs.

The group said its primary focus in the year ahead will be to achieve profitability and cash generation.

OneClickHR reported a pre-tax loss of £46,000 in the year ended December compared with a profit of £292,000 the year before. Sales rose to £6.34m from £6.10m.

"We will continue to look for areas of further cost reduction of the business to achieve profitability without relying on increased sales," the group said in a company statement.

The group's sales costs increased to £3.59m from £3.15m as it invested in areas such as software development.

OneClickHR also added, "We continue to wrestle with the frustrations of longer sales cycles, particularly on larger deployments...we expect this to continue as economic conditions deteriorate."

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.