FINANCIALS: InterQuest Group grows earnings
5 March 2014
Specialist IT recruitment group InterQuest Group increased its net fee income by 6.1% to £17.4m in the year ended 31 December 2013 compared to 2012.
Wed, 5 Mar 2014Specialist IT recruitment group InterQuest Group increased its net fee income by 6.1% to £17.4m in the year ended 31 December 2013 compared to 2012.
EBITDA (earnings before income tax, depreciation and amortisation) rose by 39% to £2.5m (2012: £1.8m).
Reported profit before tax was £1.43m compared to a £0.4m loss in 2012 as revenue increased by 2% to £114.9m.
The group’s gross profit margin rose from 14.5% to 15.1%.
Gary Ashworth, InterQuest executive chairman, says: “The acquisition of [digital recruitment specialist] ECOM has accelerated the group’s capability in the digital sector to a market-leading level.
“Trading in January and February has been encouraging, especially in respect of recurring contract revenue and we look forward to the year unfolding with confidence.”
EBITDA (earnings before income tax, depreciation and amortisation) rose by 39% to £2.5m (2012: £1.8m).
Reported profit before tax was £1.43m compared to a £0.4m loss in 2012 as revenue increased by 2% to £114.9m.
The group’s gross profit margin rose from 14.5% to 15.1%.
Gary Ashworth, InterQuest executive chairman, says: “The acquisition of [digital recruitment specialist] ECOM has accelerated the group’s capability in the digital sector to a market-leading level.
“Trading in January and February has been encouraging, especially in respect of recurring contract revenue and we look forward to the year unfolding with confidence.”
