Prime People Plc, the global specialist recruitment business for professional and technical staff working in the Real Estate & Built Environment, Energy & Environmental and Technology, Digital & Data Analytics sectors, today announces its audited results for the year ended 31 March 2019.
The Group’s Annual Report and Accounts and Notice of Annual General Meeting will be published shortly and are available to view on the Company’s website at http://prime-people.co.uk/. The AGM will be held on Wednesday 24 July 2019 at 11.00am at 2 Harewood Place, London, W1S 1BX, and all shareholders are encouraged to attend.
Highlights:
Year ended | Year ended | |
Revenue Net fee income (“NFI”) | £24.66m £15.78m | £22.92m £13.15m |
Operating profit before tax | £2.47m | £1.19m |
Operating profit before tax and after non-controlling interest | £1.96m | £1.18m |
Fully diluted earnings per share | 13.372p | 8.67p |
Dividends for the year | 5.20p | 5.00p |
Peter Moore, Managing Director of Prime People, said:
“I am pleased to announce the Group delivered a strong performance in the year ended 31 March 2019 with increased revenue and profitability. The UK proved resilient with our permanent business reporting solid results while the UK contract division held up well against the backdrop of legislative changes. Internationally the business has made good progress with a strong performance in Asia Pacific. Asia NFI rose, substantially boosted by the contribution, in our first full year following the acquisition, of Command where an extensive line of new business was obtained during the year.
We have maintained a strong cash position and propose a final dividend of 3.40p, which combined with the interim dividend of 1.80p per share, will result in a total dividend of 5.20p for the 2019 financial year (2018: 5.00p).
The Group continues to focus on its core markets to deliver organic revenue growth whilst establishing new markets to drive geographical diversity. The Group is confident about its ability to generate good returns and will continue to invest for the long term.”
prime-people