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Stuart Gentle Publisher at Onrec

Rexonline announce interim results

Profit despite market conditions

RexOnline plc, the Software Solutions and Online Recruitment Services Group, has announced interim results for the six months ended 31 October 2001. Profit before tax on continuing activities of 41,000. Interim pre-tax loss, before amortisation of goodwill, 134,000 (2000: 70,000 profit). Turnover of 1,338,000 (2000: 923,000) an increase of 45%. Recruitment fairs division closed and related costs written off.

Dorian Marks, chairman of RexOnline, commented, ìThe Board believes that market sentiment in both our operating divisions is now showing signs of improvement. We have a strong balance sheet and believe RexOnline is in a good position to ride the current market difficulties and take advantage of future opportunities.î

www.rexonline.co.uk