Independent IT recruitment recruiter and services organisation IT Human Resources has announced a trebling of profits to £5.2m.

The highlights of the financial results for the year ending 31 March 2009 are:

· Taxable profits increased 230% to £5.2m

· Group turnover increased 85% to £24.2m

· Gross operating (fee) income up in excess of 130% to £7.65m

· Net cash at bank as of 31 March 2009, £3.75m (31 March 2008: £768,000)

Sean Gallagher, IT Human Resources (ITHR) managing director, says: “All areas of our businesses have again performed exceptionally well, both in the UK and internationally. 

“Not only has our headline turnover increased substantially but we have also maintained our margins with gross operating margin and EBITDA (earnings before interest, tax, depreciation and amortisation) holding in line with previous years and increasing with turnover growth.”

Meanwhile ITHR Online, part of the ITHR Group, has launched a new job board in the UK.

MSEmploy is “not just another job board”, according to the company, but is intended to serve all Microsoft software users from the undergraduate IT student to Microsoft certified ‘gurus’, including the 6,000+ Microsoft partner network.