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Spring Group revenue rises 31.4%

August 08 2008

Spring Group PLC, a London-based staffing firm with operations in the United States, posted a 31.4% increase in revenue to GBP250.5 million (US$499.8 million) in the first six months of the year. The company reported revenue of GBP190.5 million in the same period last year.

Gross margin improved to 13.6% from 12.3%.

Net income rose 21.3% to GBP2.5 million (US$4.9 million) from GBP2.0 million in the first six months of last year.

The company also named Neil Martin as CFO. He is presently CFO at Barkers Group Ltd.

Spring Group PLC
For the six months ended June 30, 2008, compared with the same period in the previous year.
Revenue: GBP250.5 million (US$499.8 million), +31.4%
Net income: GBP2.5 million (US$4.9 million), +21.3%

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