UK-based recruiter Prime People (PRP: AIM) reported net fee income growth of 20.2% to £12.3 million for the year ended 31 March 2016, compared with the same period last year.

Prime People specialises in recruitment for professional and technical staff working in the Real Estate & Built Environment, Energy & Environmental and Insight & Analytics sectors.

“I am pleased to report a strong set of results with Net Fee Income (NFI) up 20.16% and profit up 50.35% for the full year founded on our continued drive to control costs and increase productivity across the group,” Peter Moore, Managing Director of Prime People, said. “There were a number of ‘standout’ performances within U.K. property. In particular, contract and technical recruitment generated much improved NFI and our recently established residential team has made a strong start. It was also heartening to see international divisions, markedly Hong Kong, exceed expectations in testing local conditions.

Commenting on Prime People’s outlook, Moore said: “Current activity is resilient across the group and, while we expect some slowing in our mature vertical markets in the short term, we are confident the business is well positioned to exploit available opportunities.”

In trading today, Prime People PLC traded at £99.95, up 4.11% on the day and 12.87% above the 52 week low of £88.55 set on 23 March 2016. Based on its current share price, the company has a market value of £11.78 million.