If you were to read today’s trading update from the ‘Highams enhanced’ IT staffing firm, Nakama (see Last waltz for Highams as Nakama reverses in), you’d probably want to give them an award for Best in Class Profit Warning of 2012. But a warning it is, nonetheless, as an ‘unexpected’ business downturn at the end of last year and the beginning of this hit profits, aggravated by the cost of the Highams acquisition.
But CEO Stefan Ciecierski is still forecasting a “substantial” FY profit (to 31st March 2012), one assumes on the back of the rosier H1 (see Highams gifts Nakama a pleasing half-time present). He also reports a recent uptick in demand for staff in both the digital media sector and the IT for insurance sector. Let’s see what award he’s up for when the numbers are finally in.