The company, which places workers in engineering, legal, marketing and banking jobs, said it expected full-year profit before tax to be at the upper end of market expectations – just over £12m.
“Good performance maintained across the UK, with accounting and legal the standout performers in both London and the regions,” the company said in a statement.
Gross profit or net fee income – a relevant performance indicator for recruitment companies – jumped to £53.9m in the three months ended 30 June, from £51.1m last year.
“The group continues to increase its market share and we believe it is in a strong position going into a cyclical upturn, given the diverse geographic mix and broad base of sector specialisms,” said Investec analyst Andrew Gibb in a note to clients. Gibb has a “buy” rating on the stock with a price target of 375p, and yesterday raised his full-year profit forecast from £12m to £12.9m.
Shares in the London-listed group closed up 1.2 per cent at 315.25p.