30th Jun 2016 07:05
LONDON (Alliance News) - Recruiter Harvey Nash Group PLC on Thursday said trading in the first four months of its financial year was in line with its expectations, despite challenging conditions in the market.
Harvey Nash said gross profit in the four months to the end of May grew 8.0%, with good performances in Europe and the US offsetting more sluggish trading in Asia Pacific and a flat performance in the UK. Profit in permanent recruitment was up just 3%, but in temporary recruitment it was up 12%.
Total gross profit was up 4% on a constant currency basis.
"The directors are encouraged by this performance. While mindful of economic uncertainty following the EU Referendum and an associated lack of visibility, we believe that Harvey Nash, with its robust balance sheet and strategically defensive mix of contracting, offshoring and high proportion of non-sterling earnings, is well placed to deliver further resilient performances through uncertain times," said Harvey Nash Chairman Julie Baddeley.
By Sam Unsted; [email protected]; @SamUAtAlliance
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