| ASX announcement | 26 February 2016 |
Rubicor Group Limited (ASX:RUB) is pleased to announce its Half Year results. These should be read in the
conjunction with the second half financial results. 1H16 Highlights were:
Strategic Initiatives
Significant work has been undertaken in H1 FY16 in respect of the Strategic Initiatives adopted by the Board. Notwithstanding this, there remains a substantial amount of work to finalise the positioning of the business into a stable platform that allows the business to deliver on efficiencies and scalability.
Stage 1 of the Strategic Review has delivered on a number of material outcomes that have assisted the business to deliver on its capability. Significant milestones delivered include;
Chief Financial Officer
The company would like to thank Brent Wall for his help and professionalism in the financial structuring through Stage 1 of the Strategic Review. Now that he has finished his role in building the platform for the company and has provided a solid hand over for Mr Christopher White. Mr White, who has been working with Rubicor in a support role through Stage 1, will assume Mr Wall's role for the next part of the Strategy and build on the good work already done. Mr White has worked across professional services and corporate advisory roles over a period of more than 25 years. He brings significant corporate knowledge across a diverse spectrum including; financial management and control, corporate restructuring, executing operational excellence and delivering upon transformational strategies.
Executive Chairman Mr David Hutchison commented, "We are fortunate that Christopher is available to join us immediately. A decision about a permanent CFO will be made in the first quarter of FY17. We would like to thank Mr Wall for all his efforts and support through stage 1 of this project."
Mr White will replace Mr Wall on the 29th February, 2016
1 Underlying results - refer 1H16 Results Presentation for reconciliation of underlying performance
Enquiries:
David Hutchison
Executive Chairman and CEO,
Rubicor
Tel: 02 8061 0000
About Rubicor
The Rubicor Group is of one Australasia's largest recruitment services companies providing services throughout Australia, New Zealand, and South East Asia. Operating as a network of 18 specialist recruitment brands, the Group offers search, selection, bulk recruitment, professional and support level contracting services and organisational development.
Established in 2005, The Rubicor Group operates from 19 offices and specialists in the provision of permanent and contact recruitment across the Public and Private Sector including Digital, Technology & Media Communications, Medical, Heath & Science, Financial, Professional & Business Services, Legal, HR and S&M, Industrial, Engineering, Resources, Trades & Hospitality, Business Support & Contact Centres.
The combined strength of our house of brands further cements Rubicor's position as diverse and widely networked organisation with a consummate ability to match talent with global opportunities. More information is available at www.rubicor.com.au
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