Matchtech Announces Preliminary results
Matchtech Group plc has announced its Preliminary Results for the year ended 31 July 2008.
Revenues were up 28% to 258.8m (2007: 202.8m)* and Net fee income (Gross Profit) was up 23% to33.2m (2007: 26.9m. Profit Before Tax (after non-recurring items) 12.8m (2007: 9.9m) was up 29%.
Commenting on the results, George Materna, Chairman of Matchtech said: Our strong second half performance maintained our momentum and ensured that we built on our track record of sustained organic growth. We have delivered record turnover in the year converting into record profits across every sector of the business.
This excellent performance has strengthened our position as the UKs biggest single-site recruitment agency and we have continued to build on our already strong presence in our core industry sectors.
Overall trading in the first two months of the current year has been good, with net fee income up 13% on the same period last year and contractor numbers up 5% since the end of July. We are determined and consistent at what we do and believe we can deliver another successful year.