Separately branded divisions have helped InterQuest post increased profits, according to audited results for the year ended 31 December 2010.

The group’s results reveal:

• Revenue £112.2m (2009: £97.4m) up 15% 
• Gross profit £14.7m (2009: £12.4m) up 18% 
• EBITA (before IFRS 2 and amortisation charges) £3.6m (2009: £3.0m) up 19% 
• Profit before taxation £2.2m (2009: £1.8m) up 24% 
• Net cash from operating activities £1.8m (2009: £3.3m) 
• Net debt reduced from £3.0m at start of 2010 to £2.7m at 31 December 2010 

Gary Ashworth, chairman of InterQuest, says: “The general economic outlook has improved throughout the course of 2010 except for the public sector and we have entered 2011 with the majority of metrics pointing towards continued growth. We are seeing increasing activity in contract and permanent recruitment, and have increased our sales staff to capitalise on this increased activity.

“We believe these factors, combined with the potential for accelerated growth through acquisitions, position us well for the year ahead.”