12th Dec 2019 13:40
(Alliance News) - SThree PLC on Thursday expressed confidence going forward as it expects to deliver profit growth in 2019.
The staffing company said it expects its adjusted pretax profit for the year to the end of November to be in line with market consensus, and an "all-time record" for the firm. Last year, SThree delivered adjusted pretax profit of GBP53.4 million.
The London-headquartered company explained that the improvement was driven by its robust performance across all of international regions and "supportive long-term" market dynamics.
"Looking ahead is difficult at the best of times and even more so now, given the significant macro market and political uncertainties," said Chief Executive Mark Dorman.
"Notwithstanding this, I am pleased that in our key growth markets, the new financial year has started well with good demand, and this gives us confidence that we will continue to outperform materially in our international markets," added Dorman.
The stock was trading 1.5% lower in London on Thursday at 341.00 pence a share.
By Evelina Grecenko; [email protected]
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