FINANCIALS: Gattaca sees rise in profits

Engineering and technology recruitment company Gattaca has seen growth in net fee income of 12% compared with the same six months last year.

In its interim results for the six months ending 31 January 2018, the group reported that NFI had gone up from £35.4m to £39.8m. Revenue increased in the same period by 7%, rising from £304.2m to £323.3m.

In the UK, NFI for the engineering division rose by 3% on the same period in the previous year, while NFI for the technology division declined by 4%. International NFI grew by 5%, driven by strong performance in the Americas – a rise of 30% – but offset by a fall in other international markets of 13%. 

Meanwhile, David Lawther is joining the group in June as a non-executive director. He is chairman of Syntegra Consulting and a non-exec director at Ensemble Infrastructure India, and was previously chief financial officer and then CEO at Interior Services Group.

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