Prime People doubles profits
International real estate, infrastructure and commercial property recruiter Prime People’s profits before tax more than doubled to £1.01m in the year ended 31 March 2011.
International real estate, infrastructure and commercial property recruiter Prime People’s profits before tax more than doubled to £1.01m in the year ended 31 March 2011.
Net fee income for the real estate, infrastructure recruiter was £8.04m.
Peter Moore, managing director of Prime People, says: “These results show a significant year-on-year improvement and are a testament to the continued hard work of our staff. I am pleased that the robustness and cash generative nature of our business has allowed us to pay both an interim and increased final dividend.
“Our overseas businesses offer exposure to regions with substantial GDP and growth potential. Subject to the economies in which we operate not changing materially, we believe that the company is well placed to have another successful year.”
Year ended 31 March 2011 | Year ended 31 March 2010 | Change % | |
| Gross fee income | £13.95m | £14.18m | -1.6% |
| Net fee income | £8.04m | £6.67m | 20.5% |
| Profit before tax | £1.01m | £0.46m | 119.6% |
| Fully diluted earnings per share | 5.65p | 2.71p | 108.5% |
| Total dividend for the year | 4.00p | 3.50p | 14.3% |
