Prime People (PRP)

Sector:

Support

Index:

FTSE AIM All-Share

60.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 78.00
  • 52 Week Low: 41.50
  • Currency: UK Pounds
  • Shares Issued: 12.16m
  • Volume: 7,676
  • Market Cap: £7.36m
  • RiskGrade: 162

Prime People profits more than doubled under new accounting policy

By Duncan Ferris

Date: Monday 19 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Prime People reported on Monday that its interim profits doubled following the adoption of new accounting standards, although management remained cautious due to "the uncertainties" hanging over UK markets.
For the six-month period ended 30 September, profit before tax increased by 146% to £1.6m versus the same period one year before as revenue increased by 12% to £12.6m and sales costs fell by 11% to £4.6m.

New accounting standards mean the company reported revenue based on invoices delivered, instead of value of contracts formed, and that if using the previous accounting standard and adjusted for the contribution from recently-acquired business Command Recruitment, profit growth would have been flat.

The AIM traded recruiter's cash and cash equivalents stood at £1.8m at 30 September, down from £2.6m at the same point last year.

Robert Macdonald, executive chairman of Prime People, said: "Given the uncertainties of UK markets through to March 2019 and potentially beyond, we do not expect the second half trading to exceed the first half. We expect underlying trading from our Asia offices to be comparable to the first half of this financial year."

Macdonald added that the group's current focus is managing business costs in relation to revenue, improving productivity and increasing profitability.

Prime People's shares were down 1.96% at 75.00p at 1628 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Prime People Market Data

Currency UK Pounds
Share Price 60.50p
Change Today 0.50p
% Change 0.83 %
52 Week High 78.00
52 Week Low 41.50
Volume 7,676
Shares Issued 12.16m
Market Cap £7.36m
RiskGrade 162

Prime People Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.75% above the market average55.75% above the market average55.75% above the market average55.75% above the market average55.75% above the market average
49.02% above the sector average49.02% above the sector average49.02% above the sector average49.02% above the sector average49.02% above the sector average
Price Trend
60.82% below the market average60.82% below the market average60.82% below the market average60.82% below the market average60.82% below the market average
68.14% below the sector average68.14% below the sector average68.14% below the sector average68.14% below the sector average68.14% below the sector average
Income Not Available
Growth
11.9% below the market average11.9% below the market average11.9% below the market average11.9% below the market average11.9% below the market average
13.21% below the sector average13.21% below the sector average13.21% below the sector average13.21% below the sector average13.21% below the sector average

Prime People Dividends

  Latest Previous
  Special Interim
Ex-Div 22-Jan-20 21-Nov-19
Paid 29-Jan-20 06-Dec-19
Amount 16.00p 1.80p

Trades for 27-Jul-2021

Time Volume / Share Price
08:02 7,676 @ 63.00p

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