Latest News
17 July 2007
AGM Trading Statement
Prime People plc (AIM: PRP.L), the international real estate management, property and built environment recruitment specialist, is holding its Annual General Meeting today at 11a.m. Chairman, Robert Macdonald, will make the following statement about current trading.
“2007 has started strongly, with net fee income in the first quarter substantially ahead of the same period last year. This reflects good market conditions and the thirty percent increase in consultant numbers achieved last year. Across the Group consultant numbers are planned to increase by at least the same percentage again this year with around half of these already hired.
“We are continuing to see strong demand both in the UK and internationally for qualified professionals across the sectors that we serve. In particular, the long term nature of major infrastructure projects and current investment and development plans worldwide are providing us with a range of different opportunities for the medium term growth of our business.
“We continue to explore opportunities to expand and strengthen our business through attracting individuals, teams or businesses that operate in our existing or related areas.
“Our international operations are making further good progress with sourcing and placement on an international basis being a clear differentiator for the Group. This is most notable in Dubai, where the demand for our candidates is particularly strong.
“The ongoing strength of our markets, both in the UK and overseas, gives the Board confidence that the Company will continue to make progress in the year ahead.”
-Ends-
For further information please contact:
Prime People
020 7318 1785
Robert Macdonald, Executive Chairman
Peter Moore, Managing Director
Hogarth Partnership
020 7357 9477
James Longfield
Arbuthnot Securities
020 7012 2000
Andrew Fullerton
Ian Williams