Prime People PLC
04 July 2006
4 July 2006
Prime People plc
('Prime People' or the 'Company')
AGM Trading Statement
Prime People plc (AIM: PRP.L), the commercial property recruitment specialist,
is holding its Annual General Meeting today at 11a.m. Chairman, Robert
Macdonald, will make the following statement about current trading.
'2006 has got off to a strong start with net fee income in the first quarter 14%
ahead of the same period last year and we continue to trade in line with
expectations. We are continuing to see strong demand for property professionals
across all areas of the industry, particularly in the UK as the property
industry prepares for the introduction of UK Reits. We have added 9 new
consultants across the group since the start of the financial year.
'International expansion is a key part of our growth strategy and last month we
opened our second overseas office, which is in Hong Kong. Our Dubai operation,
which opened for business in January this year, is performing ahead of
expectations and plans are in place to locate four further consultants in this
area by the end of the first half. We are also actively seeking to expand the
business through the acquisition of complementary recruitment teams or
businesses.
'The opportunities of the international property sector and the steps we are
taking to expand and strengthen our business, both in the UK and overseas, gives
the Board confidence in the future progress of the Company.'
-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 / Georgina Briscoe / Charlie Field
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.