Nakama Group reveal revenue increase of 29% in its interim results
Revenue increased by 29% to £11.1 million (2013: £8.63 million)
Profit before tax increased substantially to £222,000 (2013: loss £25,000)
Net fee income (NFI) rose by 27% to £2.71 million (2013: £2.13 million)
NFI percentage stable at 25% (2013: 25%)
Permanent recruitment fees increased by 32% to £1.33 million (2013: £1.01 million
Revenue across APAC region increased by 20% driven by the continuing shortage of skilled talent within specialised markets.
Revenue across UK increased by 32% following increased demand for both contract and permanent business.
Ken Ford, Chairman of Nakama, commented, "There is an increasing feeling of confidence in the digital recruitment market at the moment, which is demonstrated by the number of requirements released by both corporate and agency clients being at a 5 year high."
"The Group has improved its financial position overall and begun to generate some creditable momentum during the period under review, despite a still challenging and competitive marketplace. Looking forward, we are optimistic for the second half and expect to continue to build on these foundations across the Group and further grow net fee income over forthcoming trading periods."
Nakama Group works across UK, Europe, Asia and Australia providing staff for the web, interactive, digital media, IT and business change sectors.