10th Apr 2014 07:54
LONDON (Alliance News) - Recruitment firm Hays PLC Thursday said it expects full-year operating profit to be towards the top of the current range of market estimates, based on a good start to the second half overall and strong performances in key markets such as the UK and Germany.
In a statement, Hays said it understands the range of market estimates for operating profit for the year ending June 30 to be between GBP130.0 million and GBP141.0 million.
"This has been another good quarter of growth for the group as we continued to capitalise on improving conditions in many of our key markets, leading to an increase in our expectations for full year profits," Chief Executive Alistair Cox said in a statement.
"Looking ahead we are confident the improvements we have seen in our key markets will continue, presenting further growth opportunities for the group," Cox added.
In the third-quarter, which ended on March 31, Hays said net fees increased 1% on a headline basis and 8% on a like-for-like basis against the prior year.
The difference between the actual growth and like-for-like growth rates was primarily the result of a material depreciation in the rate of exchange between the Australian dollar and sterling, Hays said.
Shares were Thursday quoted at 153.93 pence, up 6.4%.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Hays