InterQuest Profit And Revenue Up On Growth In Client Base

LONDON (Alliance News) - Technology sector recruiter InterQuest Group PLC on Wednesday delivered higher pretax profit in 2015, driven by better revenue and net fee income and growth in client numbers.

InterQuest's pretax profit for the year rose to GBP4.1 million from GBP2.9 million in 2014, as total revenue grew to GBP158.6 million from GBP150.6 million and net fee income rose to GBP23.8 million from GBP23.2 million.

Permanent recruitment fees increased 9.0% in the year and revenue from its recruitment outsourcing service rose 16%, as it increased the number of clients on the service to five from two. In total, client numbers increased 6.0% year-on-year.

The group will pay a final dividend of 2.0 pence per share, taking its total payout to 3.0p, up from 2.5p in 2014.

"The 2015 results show that the group's focus on specialist skill areas and the development of our solutions business to meet our clients' needs is working. We continue to work closely with our clients to help them shape their business and implement operating model changes by finding the 'rare skill sets candidates' they require to meet the needs of the new digital economy," said Chris Eldridge, InterQuest's chief executive.

Shares in the company were down 1.4% to 80.8899p.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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