Prime People posts strong maiden results

29th May 2015 15:48

Recruitment business Prime People's maiden full-year results published on Friday were helped by a strong property business in the UK.Revenues rose 15.3% to £16.6m and profits before tax increased 37.4% to £1.44m.Its UK business performed better during the first quarter than in the second, when it recorded lower growth.The group also performed strongly in Hong Kong, Singapore, Dubai and Middle East, despite retaining "conservative expectations" about its performance in the last two regions during the next year.Managing director Peter Moore said: "We closed 2015 with profits well up on last year and we believe that we are well positioned to capitalise on both current and future growth opportunities."Despite uncertainty in the Eurozone, the group remains confident of its performance in 2016.Shares were up 4.64% to 115.1p on Friday at 15:21.