29th May 2015 08:09
LONDON (Alliance News) - Recruitment agency Prime People PLC on Friday said its pretax profit ticked higher in its 2015 financial year and said its dividend for year more than doubled due to a special second interim payout.
Prime People, which focuses on the real estate, energy and environmental sectors, said its pretax profit for the year was up to GBP1.1 million from GBP0.8 million a year earlier, driven by a rise in its net fee income to GBP10.2 million from GBP8.3 million.
The rise in net fee income was driven by a strong performance in the UK and growth improved in the second half, when it increased by 4.5% against the first half and improved by 14.4% year-on-year. The UK property business was the standout performer, while its energy and environmental segments also performed well.
Prime People said its has recommended a flat final dividend of 3.09 pence for the year, but its total dividend will rise to 8.84 pence from 4.09 pence a year earlier due to the 4 pence second interim dividend it paid in April.
The group said levels of activity in the sector are currently robust and providing confidence for a good performance in 2016, despite a degree of caution over conditions in the eurozone.
"We closed 2015 with profits well up on last year and we believe that we are well positioned to capitalise on both current and future growth opportunities," said Managing Director Peter Moore.
Shares in Prime People were up 4.6% to 115.00 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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