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Matchtech Reiterates Guidance On First Quarter Fee Income Growth

14th Nov 2014 09:37

LONDON (Alliance News) - Matchtech Group PLC reiterated its expectations for the full year on Friday, saying its net fee income in the first quarter of the new financial year increased on the back of strong demand.

The engineering recruitment company said net fee income for the first quarter to the end of October was up 3% overall, with contract income rising 2% and permanent income up 7%.

In a statement ahead of its annual general meeting Friday, Executive Chairman Brian Wilkinson said strong demand for skilled engineers has continued into the new year and said the company is confident on meeting market expectations for the year.

Matchtech shares were down 0.5% to 555.00 pence on Friday morning.

By Sam Unsted; [email protected]; @SamUAtAlliance

Copyright 2014 Alliance News Limited. All Rights Reserved.


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