(Alliance News) - Prime People PLC on Friday said general market recovery and a backlog of client demand boosted its performance in the first half of its current financial year.
The London-based recruitment company said revenue was GBP10.6 million for the six months to September 30, up 22% from GBP8.7 million posted a year earlier. Net fee income increased by 47% to GBP7.4 million from GBP5.0 million over the prior year.
Pretax profit multiplied to GBP1.1 million from GBP97,000 a year ago.
Administrative costs for the company in the half year were GBP6.3 million, up from GBP4.9 million a year earlier.
Looking ahead, Executive Chair Robert Macdonald said: "We believe that the group is well positioned to respond quickly as markets strengthen, but we remain cautious, as any reimposition of Covid-related restrictions are likely to be negative for our business."
AIM-listed Prime People shares were trading 8.9% higher in London on Friday at 72.40 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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