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Interim Results

FDM pre-tax profits up 157%

29 July 2015 08:47

Pre-tax profits at FDM Group - an international professional services provider focussing principally on information technology - rose by 157% to £13.1m in the six months to the end of June.

Revenues were up 32% at £74.6m and the group has declared an interim dividend of 8.0p per share against nil last time.

Chief executive Rod Flavell said: "The first half of 2015 has seen a strong performance from the Group with buoyant markets, significant levels of client demand across all operating locations and Mountie deployment on client sites continuing to reach new highs. "In the six month period from 1 January 2015 we have grown Mounties on site by 19% (39% over the last year) and increased joiners to our training academies (i.e. future Mounties) by 28%. "We continue to seek additional locations and expansion opportunities for the Group in each of our current operating locations. In June 2015 we opened our Leeds Academy, which has more than doubled the capacity of the Manchester based Academy that it replaced. We have also identified replacement sites in Toronto and Glasgow which will enable us to upscale our Academies and expand our service offerings in these locations. "We are pleased with the Group's financial performance for the six months to 30 June 2015 and are confident that the Group is well placed to continue to deliver good growth."

At 8:47am: (LON:FDM) FDM Group Holdings Plc Ord 1p share price was +2p at 414p

Story provided by StockMarketWire.com

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