Source - SMW
Harvey Nash, the technology recruitment and offshore services group, posts pre-tax profits of £3.8m for the six months to the end of July - 20.4% down on last time.

Revenue rose by 14.9% to £377.7m and gross profits were up 6.5% at £47.3m but operating profits fell by 19% to £4.2m. Statutory profit before tax fell by 6.5% to £3.8m.

Chief executive Albert Ellis said: "The six months under review have produced year-on-year growth in revenue and gross profit, as well as strong cash generation.

"An increased interim dividend, despite the challenges of the first half, reflects the Board's confidence in the resilience of the Group's business model and its strong balance sheet.

"Although mindful of macro-economic challenges, client demand for new hires continues to be driven by digital transformation, cybersecurity and data analytics and the Group's strategy remains the prudent expansion of fee-earning capability and growth in market share, coupled with tight control of costs and working capital."


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Harvey Nash Group (HVN)

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