Recruitment and business outsourcing provider Network Group Holdings has seen profits rise in a statement on the firm’s interim results for the six months ended 31 May 2010.

The group’s results reveal operating profit of £0.8m, up £1.5m on the corresponding trading period but revenues decreased by £1.2m on the same period last year to £25.1m.

The statement says: “The group has experienced improved market conditions in the majority of its businesses during the first half of the year, continuing on from the end of the last financial year.  The cost reductions that were implemented during 2009 have been largely maintained through the first half of the current financial year and together these have resulted in a much improved operating profit performance for the period when compared to the same period last year.”