22nd Oct 2015 07:23
LONDON (Alliance News) - Outsourcing and recruitment company Servoca PLC on Thursday said it results are set to come in ahead of market expectations thanks to a strong performance across its divisions.
Servoca said its results for the year to the end of September will be significantly ahead of market expectations.
The group saw a strong performance for its education recruitment business in September, a key month for profitability in that unit. Operating profit from the division came in ahead of the company's forecasts.
In addition, its healthcare recruitment arm continued its positive momentum in the second half and saw substantial growth over the course of the year, with profit increasing significantly.
The group will publish its final results on December 8.
Shares in Servoca were up 17% to 32.00 pence on Thursday morning, one of the best performers in the London market.
By Sam Unsted; [email protected]; @SamUAtAlliance
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