8th Mar 2022 14:13
(Alliance News) - Robert Walters PLC said on Tuesday that its profit had reached an all-time high in 2021 despite the ongoing Covid-19 pandemic.
Pretax profit improves sharply in 2021 to GBP50.2 million from GBP12.1 million in 2020. Operating profit saw a similarly steep increase, rising to GBP54.1 million from GBP14.8 million.
Revenue increased more modestly at 3.4% year-on-year to GBP970.7 million from GBP938.4 million.
Net fee income rose 17% to GBP353.6 million from GBP302.4 million the year before.
In the Asia Pacific - representing 47% of group net fee income - saw this figure increase 32% year-on-year while in Europe - representing 27% of net fee income - this figure recorded an 11% increase year-on-year.
"The group's proven track record of profitably weathering international crises and benefiting from operational gearing when market conditions become more favourable enabled the group to deliver its most profitable year ever," said Chief Executive Robert Walters.
To date, the company said it has been trading in line with expectations.
The company proposes an increased final dividend of 15.0 pence per share which would results in a total payout of 20.4p, a 32% increase on the previous year's dividend total of 15.5p.
Shares in Robert Walters were up 5.2% at 570.00 pence on Tuesday afternoon in London.
By Heather Rydings; [email protected]
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