LONDON (Alliance News) - Recruitment consultancy Penna Consulting PLC on Thursday said trading continued to improve in the third quarter, leaving it set to beat expectations for the full year.
Penna said its pretax profit for the nine months to the end of December was up 51% year-on-year, as it was boosted by an increased spend per client, improved margins and new contract wins.
As a result, the company said it has materially hiked its profit expectations for the year to the end of March.
Shares in Penna were up 9.7% to 309.85 pence, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.