IN BRIEF: Empresaria to pass on dividend as net fee income drops 12%
Empresaria Group PLC - Crawley, England-based specialist staffing company - Net fee income falls 12% to GBP50.4 million in the financial year ended December 31 from GBP57.5 million a year prior. On a like-for-like basis net fee income drops 6%. Reports reductions in net fee income across all regions bar the Americas which delivered LFL growth of 5% at constant currency. Temporary and contract net fee income grows 2% but permanent placement continues to be challenging with net fee income reducing by 21%. Says adjusted pretax profit is expected to at least meet current market expectations. Does not expect to recommend the payment of a final dividend for 2024. Chief Executive Rhona Driggs says: "Challenging market conditions have continued to persist throughout 2024 with no significant indication of improvement in the short term. We have made good progress on our strategic objectives and in further simplifying the group, and we remain focussed on improving performance in the current environment." Read More