Edition:
United States

Interquest forecasts material impact on FY net fee income


Tuesday, 29 Aug 2017 02:49am EDT 

Aug 29 (Reuters) - Interquest Group Plc ::‍LIKE-FOR-LIKE NET FEE INCOME FOR SIX MONTHS TO 30 JUNE 2017 WAS DOWN 14 PCT TO £9.5M (2016: £11.0M)​.TOTAL NFI FOR SIX MONTHS TO 30 JUNE 2017, INCLUDING THAT OF REES DRAPER WRIGHT WHICH WAS ACQUIRED ON 3 AUGUST 2016, WAS £11.2M.‍MARKET CONDITIONS IN ONE OF COMPANY'S CORE MARKETS, FINANCIAL SERVICES, REMAIN CHALLENGING, SPECIFICALLY IN CONTRACTING MARKET​.COMPANY IS THEREFORE MORE RELIANT ON FEES FROM PERMANENT PLACEMENTS WHICH ARE MORE VOLATILE, PARTICULARLY IN HIGHER VALUE SEARCH BUSINESS.‍EXPECTS THAT NET FEE INCOME WILL BE MATERIALLY AFFECTED AND EBITA FOR YEAR TO 31 DECEMBER 2017​.