Empresaria (AIM: EMR), the international specialist staffing group, reported revenue today for the year ended 31 December 2016 of £270.4 million, an increase of 33% in constant currency, when compared to £187.3 million last year.

Empresaria’s revenue growth was primarily in the Technical & Industrial sector and from the investments made in 2016. The group reported 50% growth in temporary revenue and 7% growth in permanent revenue.

Net fee income grew by 20%, with the group reporting 14 consecutive quarters of year-on-year growth in net fee income. The share of net fee income from Temporary recruitment is up to 60% (2015: 55%). The group says it continues its focus to deliver a higher proportion of their income from contracting, which they say is generally more predictable than permanent recruitment.

Empresaria also reported 68% of net fee income from outside the UK (2015: 63%). The group generates 72% of its net fee income from the four largest staffing markets in the world (USA, Japan, UK and Germany) but also 28% from markets in South East Asia, China, India and Australia.

Last July, Empresaria acquired an 82.6% interest in New Zealand-based Rishworth Aviation and in October it acquired a majority stake of 65% in UK-based staffing firm ConSol Partners.

"Empresaria has delivered another year of record profit and strong growth in adjusted earnings per share, demonstrating the strength of our diversified business model,” Chief Executive Joost Kreulen said.  “We are focused on delivering on our strategy: strengthening a multi-branded group, with an emphasis on developing leading brands that are diversified and balanced by geography and sector.

“Alongside the solid performances across a number of countries, we are particularly pleased to have secured two significant international investments during the year; Rishworth Aviation and ConSol Partners. Both brands operate in sectors with good long-term growth prospects and complement the Group's 'Invest & Develop' strategy. We look forward to the growth opportunities that these businesses have as part of the Group,” Kreulen said.

“We continue to see exciting growth opportunities to develop our Group and deliver increased profits and we look to 2017 with confidence,” Kreulen said.

“We are confident that 2017 will be another year of profit growth with the Group benefiting from the potential within its existing brands and also the investments made in 2016 contributing for a full year,” Tony Martin, Chairman of Empresaria, said. “Our diversification by geography and sector helps to mitigate against difficult markets, and as such, we continue to see exciting opportunities to develop our group, deliver increased profits and so enhance shareholder value. We look forward to the year ahead with confidence.”

In trading today, Empresaria Group PLC traded at £144.30, up 1.26% on the day and 0.48% below its 52-week high of £145.00, set on 27 February 2017. Based on its current share price the company has a market value of £69.85 million.