August 29, 2017 / 7:04 AM / 3 months ago

BRIEF-Interquest forecasts material impact on FY net fee income

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​ Source text for Eikon: Further company coverage:

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