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08 January 2010
InterQuest Group (ITQ:LSE), the information technology recruitment firm, has issued a trading update for the year ended 31 December 2009. Full year results are expected to be in line with market expectations and the company continues to invest in the five new businesses which were started in 2009 under the IQ Equity programme.
Gary Ashworth, Executive Chairman of InterQuest, commented "whilst the recession has clearly impacted the flow of revenues into the business in 2009, we have remained a profitable company and enter 2010 with a strengthened balance sheet and an enlarged business. Although long-term visibility remains uncertain, market conditions appear to be improving and we look forward to the future with confidence."
In early trading InterQuest shares were unchanged at 48.50 Pence.>