28th Jul 2016 08:31
LONDON (Alliance News) - Recruiter Robert Walters PLC on Thursday reported higher profit and net fee income for the first half of 2016, hiking its interim dividend 18% as it said trading remains in line with its full-year expectations.
In the first half of 2016, Robert Walters said it made a pretax profit of GBP11.2 million, up 29% from the GBP8.7 million it reported a year earlier. Net fee income grew 12% to GBP128.1 million from GBP113.9 million, as total revenue for the group was up 20% to GBP451.4 million from GBP377.6 million.
The group said trading in Asia Pacific and Europe drove the growth in the half. Asia-Pacific benefited from strong growth in Japan, Taiwan, Indonesia and Thailand, while Europe was boosted by the French and Benelux markets.
Growth in the UK was more muted, hit by uncertainty in the lead-up to the Brexit vote.
The group will pay an interim dividend of 2.30 pence per share, up 18% year-on-year.
"The results highlight the strength of our global, diversified business with our blend of revenue streams covering permanent, contract, interim and recruitment process outsourcing and a geographic footprint spanning 25 countries including many of the world's fastest growing and emerging recruitment markets. Current trading is in line with market expectations for the full year," said Chief Executive Robert Walters.
Shares in Robert Walters were down 0.7% to 298.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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