SThree plc (GB:STEM) has released an update.
SThree plc, a global specialist talent partner for STEM roles, reported a 7% decrease in net fees year-over-year in the first half of FY24, with strong Contract extensions mitigating the decline amidst challenging market conditions. The company boasts a robust balance sheet with net cash of £90 million and expects its performance to align with market expectations. Significant growth was seen in the Middle East and Asia, particularly Japan, with ongoing Technology Improvement Program rollouts aimed at enhancing the company’s industry positioning.
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