Shares recovered by 3.25p on yesterday's trading, following a week of trading in which iFirst Artist shares fell from 37.60p to 26.50p, possibly driven by recent reports on the quiet European transfer market.
However, First Artist said that while the size of major transfers may be smaller, the volume of transactions requested by the clubs has increased.
First Artist said that it has just completed its first full year of trading on AIM and is confident of achieving turnover of about £6.5million ($10.2m), resulting in a pre-tax profit of around £2m ($3.14m).
The company added that the integration of FIMO Sport Management has gone well and "with the additional representation achieved in Italy, Switzerland, South America and Asia Pacific, we have begun to reap the benefits of cross-border trading".
"In the current general uncertain economic environment, the group will continue to seek to diversify its business by acquisitive expansion in other allied markets and sports," the company said.
A major interview with First Artist chief executive Jon Smith will feature is the August issue of SportBusiness International
