StockMarketWire.com - Recruitment firm SThree said its first-half net fees rose 9%, as strength in its contract business more than offset weakness in permanent placements.

Net fees for the six months through May rose to £163.0m, up from £148.4m on-year, said the company, which focuses on the science, technology, engineering and mathematics, or so-called STEM, industries.

Growth of 9% was consistent across the first and second quarter of the year.

Contract net fees jumped 12%, while permanent net fees fell 1%.

'In what is my first trading update with the group, I am pleased with the performance we are reporting today, delivered by a strong and talented team,' chief executive Mark Dorman said.

'Our deliberate focus on contract, a natural function of our STEM specialism, and the continued strength of our performance across key regions and sectors in our well diversified portfolio, provides resilience in today's more uncertain market conditions.'

At 8:02am: [LON:STHR] SThree PLC share price was +10p at 286.5p



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