French online staffing group Freelance.com (EPA: ALFRE) reported revenue of €88.9 million for the first half of the year, an increase of 17% when compared to the previous year.

Freelance.com previously reported second-quarter revenue of €48.3 million with H1 revenue calculated at €91.2 million. 

However the group corrected its turnover after finding an accounting error.

In September, the group said its H1 sales in France amounted to €63.8 million, instead of the €66.3 million it reported earlier this year which led to a rectified group turnover of €88.9 million for H1 2018 instead of the €91.2 million it stated in its results earlier this year.

No further information on the nature of the error was provided. However Staffing Industry Analysts attempted to reach out to Freelance.com but did not hear back before publication.

Operations outside of France represented 33% of turnover for the Group in H1 2018.

The group reported that H1 2018 was marked by consecutive 9th and 10th consecutive quarters of double-digit growth for the group. Freelance.com also reported that it benefited from the signing of new referrals from major French and foreign companies recently.

Freelance.com also stated that it is now starting to see the effects of streamlining actions carried out in 2017.

Supported by its H1 results, the group said its goals for the full year 2018 is to achieve sustained double-digit sales growth while pursuing further improvement in its overall results.

Freelance.com will publish its third-quarter results on 30 November 2018.

As of last trade Freelance.com traded at €1.69, no change on the day and 11.52% below its 52-week high of €1.91, set on 12 Jan 2018. Based on its current share price the company has a market value of €60.45 million.