Write-offs drag down Staffline shares

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Write-offs drag down Staffline shares
Master Investor Magazine

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AIM-listed recruitment business Staffline (LON:STAF) saw its share price plunge 11.08% to 65.80p (as of 15:00 GMT) as it said results for the year ended 31st December would be below previous guidance. Management said that it had to increase provisions and write-offs for the period as part of its ongoing audit process.

The prior 2020 guidance has been retained.

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