7th Jul 2016 07:21
LONDON (Alliance News) - Recruiter Robert Walters PLC on Thursday said gross profit increased in the second quarter to the end of June and it remained confident in the face of the uncertainty caused by the Brexit vote.
Robert Walters said group gross profit for the second quarter hit GBP69.3 million, up 16% on the GBP60.0 million reported a year earlier.
Gross profit in the UK grew 7.0% in the quarter, a solid performance against an "uncertain backdrop", Robert Walters said.
Asia Pacific gross profit increased 14% year-on-year, with record trading in Japan, Indonesia, New Zealand, Taiwan and Thailand and good progress in Australia.
Europe gross profit rose 37%, with a strong quarter in all markets, while gross profit from its Other International markets grew 2.0%.
"Looking ahead, despite the uncertainty in the UK market, the strength of our globally diversified business, our robust balance sheet and blend of permanent, contract and recruitment process outsourcing revenue streams, ensures we are well positioned to take advantage of growth opportunities where they arise," Chief Executive Robert Walters said.
Robert Walters shares were up 3.9% to 265.00 pence early Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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