7th Dec 2021 09:57
(Alliance News) - PageGroup PLC announced on Tuesday it has raised its full-year operating profit expectations after experiencing "positive momentum and trends" at both a regional and global level throughout 2021.
The Surrey-based recruitment business said it saw particular momentum in October and November and now expects 2021 operating profit to be in the region of GBP165 million. Back in October, PageGroup had said it expected full-year operating profit in the region of GBP155 million. Operating profit had plunged to GBP17.0 million in 2020 from 146.7 million 2019.
PageGroup said operating profit grew by 16% versus 2019 in constant currencies. Growth in November by the same measure improved to 26%.
Shares in PageGroup were 3.6% at 675.50 pence on Tuesday morning in London.
By Heather Rydings; [email protected]
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