Dutch staffing firm Source Group (SOURC: AEX) today reported turnover of €96.5 million for the six months ending 30 June 2016, an increase of 4% from €92.8 million last year.

Source Group specialises in placing self-employed, temporary staff, and freelancers into sectors such as ICT, financial services, and administration.

According to Source Group, the number of professional contracts at Source increased compared to 2015. There was a decline in the number of contracts in the oil and gas sector which the company states was fully offset by growth in both new and existing customers in other sectors.

On October 2015, Source Group and Headfirst announced a merger, however the merger was delayed and is still ongoing with both companies stating that they are excited about the merger and are working hard to complete it.

Looking forward, Source Group states that first half trends will continue through to the whole of 2016 including the decline in contracts in the oil and gas sector and the growth of both new and existing customers in other sectors. It is expected that the full year turnover will be greater  than in 2015.

In trading today, Source Group NV traded at €2.33, up 4.95% on the day and 10.38% below its 52-week high of €2.60, set on 29 April 2016. Based on its current share price the company has a market value of €17.08 million.