FINANCIALS: Prime People posts profits in first half of 2014
7 November 2014
UK-based multi-sector global recruiter Prime People has seen a 32% increase in net fee income (NFI) to £5m for the six months to 30 September, its unaudited financial results show.
Fri, 7 Nov 2014
UK-based multi-sector global recruiter Prime People has seen a 32% increase in net fee income (NFI) to £5m for the six months to 30 September, its unaudited financial results show.
The results also show an operating profit of £600k in the first half of this year, compared to £290k for the comparable period last year.
The financial report says growth in the period was generated from permanent business, which remains the “main focus of our business”, representing 93% of NFI compared to 90% in the comparable period of 2013.
The UK and Asia were strong areas for the company. UK NFI increased by 28% from £2.5m to £3.2m and in Asia, NFI increased by 59% from £900k to £1.4m.
In the report, executive chairman Robert Macdonald said the company was looking for continued growth from its Asia divisions, “which we believe will provide us with increased opportunities for growth in the mid to long term”.
However, there were “conservative expectations as to the likely performance from our businesses in the rest of the world”.
UK-based multi-sector global recruiter Prime People has seen a 32% increase in net fee income (NFI) to £5m for the six months to 30 September, its unaudited financial results show.
The results also show an operating profit of £600k in the first half of this year, compared to £290k for the comparable period last year.
The financial report says growth in the period was generated from permanent business, which remains the “main focus of our business”, representing 93% of NFI compared to 90% in the comparable period of 2013.
The UK and Asia were strong areas for the company. UK NFI increased by 28% from £2.5m to £3.2m and in Asia, NFI increased by 59% from £900k to £1.4m.
In the report, executive chairman Robert Macdonald said the company was looking for continued growth from its Asia divisions, “which we believe will provide us with increased opportunities for growth in the mid to long term”.
However, there were “conservative expectations as to the likely performance from our businesses in the rest of the world”.
