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UK — Prime People group net fee income 47% up on previous year

07 July 2010

Prime People Plc (PRP:LSE), the international built-environment recruitment specialist, has released an update on trading. The group says in a statement:

"Group Net Fee Income (NFI) for the 3 month period to 30 June is +47% ahead of the same period for the prior year."

"The UK business recorded an +85% increase in permanent recruitment NFI compared to the same period last year whilst the smaller freelance business, which mainly provides temporary staff to the public sector, experienced a -23% decline in NFI."

"NFI from our international businesses rose from 31% to 36% of the group total with the Hong Kong office performing particularly strongly. We are continuing to seek opportunities to invest in new revenue areas and those which have been commenced are showing early signs of success."

After the statement yesterday, Prime People's shares were up by +2.44% to 47.50 Pence.



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