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Norman Broadbent sees best revenues for a decade

Net fee income rose by 32% to hit a new record of £6.6mln
Revenue jumped by 40%

Recruiter Norman Broadbent Plc (LON:NBB) posted its highest revenues for a decade as net fee income hit a record.

Turnover in 2018 was up 40% at £9.2mln while losses were more than halved at £700,000.

WATCH: Norman Broadbent sees best revenues for a decade

Mike Brennan, chief executive, added net fee income rose by 32% to hit a new record of £6.6mln and should see a further double-digit increase in the current twelve months.

“At EBITDA level, we are confident that we will continue seeing losses reduce as NFI continues to rise in 2019.”

“We continue to invest in talent to support the growth in the company, which impacts costs in the short term, but operational efficiencies continue to kick-in and we maintain tight control over costs.” 


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