Norman Broadbent PLC - London-based recruitment firm - Expects higher half-year net fee income as it sees its executive search arm surging. Anticipates revenue £3.3 million in the first half of 2022, up 20% from £2.7 million a year ago. Expects executive search to grow 29% to £2.6 million from £2.0 million. However, interim management is set to fall 5.2% to £715,000 from £752,000.

Expects earnings before interest, tax, depreciation and amortisation in the half-year to jump to between £40,000 and £60,000 from £6,000 a year ago.

‘We are delighted with the progress the entire business has made and that this is quickly translating into improved financial performance whilst we continue to invest heavily in growth and business transformation,’ says Chief Executive Officer Kevin Davidson.

Current stock price: 6.25 pence, up 2.0% on Monday

12-month change: down 17%

Copyright 2022 Alliance News Limited. All Rights Reserved.