Morson Group PLC - Interim results
Morson Group PLC - Interim results for the six months ended 30 June 2009
Morson the UK's leading provider of technical engineering personnel and project design solutions, supplying over 9,000 highly skilled white collar personnel to the aerospace and defence, nuclear and power, rail and other technical industries, is pleased to announce its interim results for the six months ended 30 June 2009.
Solid trading performance across all sectors, Turnover up 3.7% to 219.9m (H1 2008: 212.0m), Net Fee Income up 2.2% to 18.1m (H1 2008: 17.7m), Profit before taxation up 17.8% to 4.9m (H1 2008: 4.1m).
Gerry Mason, Non Executive Chairman, said: "I am pleased to report a solid set of interim results for Morson, which has coped well with the current, almost unprecedented, difficulties and pressures of the UK economy and far better than most in our sector. During the period we have continued to win contract awards and re-tenders and expect to announce further progress over the next twelve months.
Current trading conditions remain challenging, however the executive management team at Morson, and indeed many of our key staff, have been with the Group for a considerable time and have seen Morson's ability to grow over several economic cycles. We will use this experience and firmly believe that the prospects for the Group and its long term future growth are positive."