2nd Jul 2015 07:00
LONDON (Alliance News) - Recruitment and outsourcing company Harvey Nash Group PLC on Thursday said it continues to be hit by adverse foreign exchange rates but said trading in the first four months has been in line with its expectations.
In a statement to be given at the company's annual general meeting, Chairman Julie Baddeley said overall gross profit in the first four months of its financial year to the end of May was up 4% year-on-year, with operating profit up 1%. In constant currencies, however, gross profit rose by 8%, while operating profit was up by 9%, Baddeley said.
While sterling remains strong compared to the euro and Nordic currencies and this is expected to hit Harvey Nash results this year, Baddeley said the company's trading has been in line with its expectations.
By Sam Unsted; [email protected]; @SamUAtAlliance
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