7th Apr 2014 10:52
LONDON (Alliance News) - Robert Walters PLC Monday said its first-quarter net fee income increased by GBP1.5 million, with percentage increases in the UK, EU and other international partly offset by an 11% decline in Asia Pacific.
In a statement, Robert Walters reported GBP48.1 million net fee income in the quarter ended March 31, compared with GBP46.6 million in the corresponding quarter a year earlier.
In the UK, first-quarter net fee income increased to GBP15.3 million, from GBP12.7 million, while Europe's increased by GBP800,000 to GBP11.0 million. Other International net fee income increased by GBP400,000 to GBP2.0 million. However, Asia Pacific net fee income fell to GBP19.7 million, from GBP22.2 million.
Performance in the UK was boosted by "excellent growth" in both London and the regions, the company said.
However, strong performances from Japan and Hong Kong were offset by challenging market conditions in Australia, though Robert Walters noted "some early signs" of returning market confidence.
Within Europe, the Benelux region did particularly well, though market conditions in France remain tough, Robert Walters said, adding that it's continuing to increase market share in the country. Activity levels in Spain continue to improve, the company added.
Robert Walters said it will publish a trading update for the three months ending June 30 on July 7.
Robert Walters shares were Monday quoted at 330.00 pence, down 1.4%.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Robert Walters