Property recruitment_3
Prime People has reported a 31% increase in pre-tax profit to £1.02m for the six months to 30 September, 2007, compared to £0.78m in 2006.
The company’s net fee income rose 45% to £7.1m in the period, compared to £4.9m in 2006.
Peter Moore (pictured), managing director of Prime People, says: “I am very pleased with this set of results, which reflect continued growth in the UK and excellent progress on our international expansion strategy. Demand for our services remained solid through the period, driven by the ongoing pipeline of major UK infrastructure projects and, in commercial property internationally, by the demand for increasingly sophisticated expertise in property management and investment. We anticipate that there will continue to be opportunities for good organic growth both in the UK and internationally.
“Looking forward, our order books are at record levels, but we are mindful of the current macroeconomic environment and will manage our operations as future circumstances may require. However, I have confidence that our continued commitment to the globalisation of our business and our market leading position will provide access to further opportunities for good growth.”
The company added that broadening the business in the Middle and Far East, Australasia and Africa made a substantial contribution.
