13th Apr 2016 07:07
LONDON (Alliance News) - Recruiter Robert Walters PLC on Wednesday said group gross profit grew in the first quarter, despite a weak performance in South Africa and Brazil.
Robert Walters said group gross profit for the quarter to the end of March increased to GBP59.0 million, up 9.0% from GBP53.9 million a year earlier.
Asia Pacific gross profit grew 16%, as did gross profit from its Europe business. Asia Pacific was boosted by robust performances in Japan and China and by good contributions from Thailand, Indonesia, Taiwan and Vietnam, while Europe growth was driven by strong trading in France, the Netherlands and Belgium.
UK gross profit grew 2.0% year-on-year in the quarter, with a continued slowdown in recruitment activity, particularly in financial services.
Other international gross profit, meanwhile, sank 13% due to challenging conditions in South Africa and Brazil, the company said.
"As stated in our recent year-end results, whilst we remain conscious of ongoing global market uncertainty, the group's strength, depth and geographic footprint ensure we are well positioned for the future. Expectations for the full year remain unchanged," said Chief Executive Robert Walters.
By Sam Unsted; [email protected]; @SamUAtAlliance
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