The Placement Group profits up

The Placement Group, the medical placement agency, for the year ended 31 December 2012, reported turnover of £22.8m (2011: £19.3m). Cost of sales was £18.6m (2011: £16.0m) and net operating expenses £3.3m (2011: £3.0m). After interest payable of £174,000 (2011: £147,000) profit on ordinary activities before taxation was £855,000 (2011: £489,000). The directors highlight the requirement within the NHS for ongoing year on year expenditure reductions which they do not anticipate changing in 2013. They reason: Our clients will be under pressure to control headcount numbers of permanent staff.