Specialist recruitment and outsourcing firm Servoca (SVCA: LSE) has reported that results for the first six months are ahead of internal expectations and ahead of the corresponding period last year.

The group stated that its diversified business mix has delivered a resilient performance and this gives the ‘Board confidence as they enter the second half’.

Last year, Servoca reported revenue of £34.4 million for the six months ending 31 March 2016. Gross profit stood at £8.9 million while operating profit was £1.3 million for H1 2016.

Servoca will announce its interim results to 31 March 2017 on 12 June 2017.

In trading yesterday Servoca shares traded at £25.75, up 17% on the day and 10.2% below its 52-week high of £28.70. Based on its current share price the company has a market value of £31.84 million.