The Impellam group has seen turnover rise, in unaudited interim results for the 26 weeks ended 2 July.

The results reveal: 

·     Turnover increased 8.7% to £544.4m (June 2009: £500.9m)

·     Gross profit increased 7.7% to £88.5 million (June 2009: £82.1m)

·     Fees from permanent placements increased 14.3% to £9m (June 2009: £7.9m) 

·     Permanent fees represented 10.2% of gross profit (June 2009: 9.6%)

·     Operating profit £12.5m (June 2009: £0.5m)

·     Debtor days improved to 35.4 days (December 2009: 39.2 days)

·     Cash generation from operations increased to £34.6m (June 2009: £9.5m)

·     Net debt decreased by £30.4m to £39.2m as at 2 July 2010

Cheryl Jones, chairman, says: “The group has maintained priority on key drivers of our plan which include leveraging our brands, further improving our process and technology environments, investing in service innovation and refining our growth strategy. 

“Continued focus on these priorities will allow the group’s brands to continue to reposition themselves within their respective competitive markets for the remainder of the year.”