Specialist engineering and professional services staffing firm Gattaca (GATC:LSE) reported revenue of £322.3 million for the six months ended 31 January 2019, an increase of 5.5% compared to the same period last year. Net Fee Income (NFI) was up 1.4% over last year.

Revenue growth was driven by UK operations including Engineering and Technology, however this was offset by a revenue decline in the group’s international operations.

Net Fee Income for the period was boosted by growth in UK Engineering and Technology and International growth.

The group added that it began to see the benefits of the cost reduction initiatives implemented in 2018.

During the period, Gattaca appointed Kevin Freeguard as CEO and member of the Board of Directors with effect from 1 October 2018.

Revenue for the period was broken down as follows.

Net Fee Income was broken down as follows.

Kevin Freeguard, CEO of Gattaca, commented, "The first half of FY19 has been a period of progress for the group and we are pleased to be reporting NFI and PBT growth in our continuing operations.”

“Our core UK Engineering business delivered continued growth and the restructuring work we undertook in our UK Technology operations in Q1 has begun to feed through into an improved year-on-year operating contribution. Our restructured and refocused International operations continued to grow strongly and we are pleased with our progress in reducing net debt,” Freeguard said.

"Building on the fundamental strengths of the business, our improvement plan is now underway and is focussing on the levers for growth, refining sales and market effectiveness, aligning operations to further enhance our delivery capability and innovating to extend our range of market solutions. I am confident that as we continue to execute the plan it will position the company well for the future,” Freeguard said.

Looking ahead, Gattaca stated, “The Board notes that economic uncertainty, which can impact our industry, has increased over the last six months. Notwithstanding this, trading so far in the third quarter is as expected and we remain confident in our outlook for the full year; we expect results to be in line with the Board's expectations at this time.”

As of last trade, Gattaca traded at £132.51, up 13.99% on the day and 43.26% above the 52 week low of £92.50 set on 27 February 2019. Based on its current share price the company has a market value of £37.36 million.