International IT recruiter InterQuest Group plans to focus on “strong operational management” as it posts increased revenues for the six months ended 30 June 2011.

The group’s results reveal:

·     Revenue up 10% to £61,057,000 (2010: £55,332,000)

·     Net Fee Income up 11% to £7,812,000 (2010: £7,035,000)

·     Adjusted EBITA up 2% to £1,761,000 (2010: £1,730,000)

·     Loss before tax of £1,669,000 (2010: profit of £1,060,000) after £2,892,000 of exceptional costs (2010: £nil)

·     Net cash generated from operating activities £2.5m (2010: £1.4m)

·     Net debt £5.4m (2010: £2.7m)

Chairman Gary Ashworth says: “The general economic outlook appears to have improved slightly during 2011, however future trends are difficult to predict. Our focus is therefore on the strong operational management of the group and we were delighted to report growth in many areas of the business and in particular the profitability of our IQ Equity division.”