Tribal Group eyes improved FY

Date: Thursday 28 Jan 2010

Public sector services consultant Tribal Group said it expects underlying profit before tax for the year ended 31 December 2009 to be slightly ahead of the prior year.

At 31 December 2009, Tribal had approximately 42% of 2010 planned revenue already committed, with total committed income standing at £217m compared to £139m in 2008.

The sales pipeline at the end of the year totalled £284m compared to £297m the previous year and in the past three months, it has secured several key contracts, including a £20m contract with South Central PCT Alliance over a four year period.

"The board is encouraged by the levels of committed income and is confident that the group can continue to make progress during 2010," the group said in a company statement.

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