StockMarketWire.com - IT focused recruitment company FDM Group posted a 9% rise in first-half profit after it grew revenue both at home in the UK and at overseas operations in Europe, the US and Asia.

Pre-tax profit for the six months through June rose to £24.9m, up from £22.9m on-year.

Revenue climbed 14% to £134.4m and the company declared an interim dividend of 16p per share, up 10% on-year.

'The first half has seen a strong financial performance and a good level of new client wins across a range of industries,' chief executive Rod Flavell said.

'During the second quarter we experienced lower activity in the UK government sector, in response to political uncertainties, and from a small number of financial services clients, primarily in North America.'

'Current activity levels across both of these geographies are encouraging.'

'We remain confident in both the outturn for the full year and continued progress thereafter.'






Story provided by StockMarketWire.com