14th Nov 2019 10:55
(Alliance News) - Prime People PLC on Thursday said its earnings grew in the first half of its current financial year, notwithstanding "the mixed and uncertain economic picture".
The recruitment company reported pretax profit for the six months to the end of September of GBP1.7 million, up 8.8% compared to GBP1.6 million a year earlier, as revenue grew by 4.7% to GBP13.2 million from GBP12.6 million.
Prime People declared an interim dividend of 1.80 pence a share, unchanged year-on-year.
Net fee income was GBP8.80 million in the first half, higher than GBP8.0 million a year before, with overseas business showing "strong" performance.
The company said its newly established business in Germany reported a small profit and is indicating "good" opportunities for growth.
"The present focus for the group is managing the business for increased productivity and profitability. Notwithstanding the mixed and uncertain economic picture of today's markets, we continue to seek opportunities to create shareholder value though both organic and non-organic growth," said Executive Chair Robert Macdonald.
Prime People shares were trading 0.5% higher in London on Thursday at 97.00p each.
By Evelina Grecenko; [email protected]
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