3rd Mar 2014 11:46
LONDON (Alliance News) - Recruiter Robert Walters PLC Monday said its 2013 pretax profit rose by 31%, boosted by revenue growth in the UK offsetting a fall in Asia-Pacific.
Pretax profit rose to GBP10.1 million from GBP7.7 million in 2012, while revenue grew by 5.3% to GBP597.7 million. Administrative expenses grew by 4.7 million.
In the UK, which makes up 29% of the company's net fee income, revenue grew to GBP235.7 million from GBP193.2 million, offsetting a decline in Asia-Pacific, which makes up 46% of net fee income, to GBP260.1 million from GBP280.6 million.
"Trading for the first two months of 2014 has been encouraging. Whilst we are seeing definite signs of recovery in some of our markets, others including major markets such as Australia and France remain challenging. The group is well positioned to continue to deliver enhanced profitability in line with current market expectations," Robert Walters, Chief Executive, said in a statement.
Robert Walters increased its full-year dividend to 5.4 pence from 5.15 pence.
Robert Walters shares were Monday quoted at 358.00 pence, flat.
By Samuel Agini; [email protected]; @samuelagini
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