UK-based recruitment firm Prime People reported revenue for the six months ended 30 September 2019 of £13.16 million, an increase of 4.7% compared to £12.57 million last year.

The company said its overseas business had astrong performance, with Net Fee Income (NFI) for Asia increasing to £4.83 million (H1 2019: £3.87m) and contributing 57.9% of group permanent NFI (H1 2019: 52.16%). NFI recorded during the period by the group’s Hong Kong subsidiary, Command Recruitment Group was £2.28 million (H1 2019: £1.68 million).

NFI for the UK business was £3.71 million (H1 2019: £3.86 million) and Rest of World was £0.26 million (H1 2019: £0.27m). Contract NFI represented 5.17% of Group NFI against 7.21% in H1 2019.

Revenue by region

Robert Macdonald, Executive Chairman, commented, “The present focus for the group is managing the business for increased productivity and profitability. Notwithstanding the mixed and uncertain economic picture of today’s markets, we continue to seek opportunities to create shareholder value though both organic and non-organic growth.”

As of last trade Prime People shares traded at £97.00, up 0.52% on the day and 11.36% below its 52-week high of £109.44, set on 15 July 2019. Based on its current share price the company has a market value of £11.78 million.