iKas Group confirms 83% net profit growth for 2014
The Group has offices in five global locations including London, Hong Kong, Singapore, Sydney, New York and places into over 30 global hubs from these locations.
2014 Group headline results include –
• Revenue increase of 14%
• NFI growth of 21%
• Headcount growth of 42%
• Permanent Placements growth of 19%
• Contract Placements growth of 24%
• Net Profit growth of 83%
The company’s growth saw significant expansion across Asia Pacific with all offices growing significantly in headcount.
The figures demonstrate a continuing upward curve in revenue and performance as the Group continues its global growth programme and executes on location strategies.
Group managing director, Oliver Coughlan, commented, “The hard work of our team throughout 2014, which focused on our sales and operational platforms, is now starting to bear fruit. The Group is performing to plan and exceeding expectations in many areas. I am confident that we are well positioned to continue this trend through 2015.
“As a business we have invested a considerable amount of time and effort in our culture and focused on optimizing our operating model. In order to consistently grow you need a strong platform for success and we believe iKas Group is well positioned for growth.”
Group business director, Alan Stewart, stated, “Operationally the Group is strong and well organised. We have strong business capability in every location to continue positive growth trends.”
Fellow Board member Karen Higgins, client director for New York and Board member, added, "Market trends are providing significant opportunity in the U.S. and globally for us to help our clients continue rebalancing their talent pools and improving team effectiveness. Especially with regard to global location balancing strategies, where we excel by leveraging and coordinating across our global network."
iKas Group also came 13th in the International Fast Track (Sunday Times) 100 list and won best “IT Recruitment Company in Hong Kong 2014”.