Thu, 19 Sept 2013Adjusted pre-tax profits at international recruiter Networkers International fell by 3.2% to £3.34m in the first six months of 2013 compared to the same period in 2012.

Gross profits at the AIM-listed company fell by 7.7% to £14.67m (2012: £15.89m).

Other highlights of the report are:

• The proportion of net fee income (NFI) derived from the company’s permanent placements rose from 20% to 25.6%, with the contribution from contract placements falling to 74.4% from 80% in H1 of 2012

• The company says that as a result of “favourable changes” in the sales mix, gross profit margins increased one percentage point to 18.5% compared to 2012.

• Share of NFI derived from markets outside of the UK fell to 70% from 72% in 2012

 

• Overall group headcount remained broadly unchanged

 
Spencer Manuel, Networkers International chief executive officer, says: "While total NFI was down by 7.7% against record H1 comparative figures, there remain significant opportunities to grow throughout the rest of this year, which would place us in a stronger position for growth as we enter 2014."