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Empresaria Group tanks following unfavourable trading update

Staffing company Empresaria Group plc (AIM:EMR) tanked 25% on the junior AIM market today after today’s interim trading update dropped.

Net fee income was down 9% year on year to £29.7mln, with net debt increasing.

Full-year adjusted profit before tax is expected to be “materially lower” than market expectations.

Shares were swapping for 39p with a market capitalisation of £19.4mln as of 11.10am, July 27.