6th Jul 2005 07:00
Michael Page International PLC06 July 2005 6 July 2005 2005 Q2 AND FIRST HALF TRADING UPDATE Michael Page International plc, the specialist recruitment consultancy, reportssecond quarter revenues (gross profit) of £68.2m, an increase of 30.3% over the£52.3m recorded in the second quarter of 2004 and a sequential increase of 13.8%over the £59.8m recorded in the first quarter of 2005. Revenues in the firsthalf of 2005 are therefore £128.1m, an increase of 27.6% over the £100.4mrecorded in the first half of 2004. In the U.K., second quarter revenues were up 19.6% on the second quarter of2004. U.K. first half revenues were £62.9m, up 18.4% on the first half of 2004. In Continental Europe, second quarter revenues were up 42.5% on the secondquarter of 2004. First half revenues were £40.7m, up 37.2% on the first half of2004. In Asia Pacific, second quarter revenues were up 35.3% on the second quarter of2004. First half revenues were £18.8m, up 31.3% on the first half of 2004. In the Americas, second quarter revenues were up 69.1% on the second quarter of2004. First half revenues were £5.7m, up 71.7% on the first half of 2004. During the second quarter, the Group repurchased a further 10.95m shares at anaverage price of 193.1p. In the first half the Group repurchased 12.8m shares atan average price of 193.3p. The Group will announce its interim results on 15 August 2005. The interimresults will be prepared in accordance with International Accounting Standards(IAS) and will include reconciliations to previously reported results. Theapplication of IAS has no material impact on the reported results of the Group. Commenting on the second quarter result, Chief Executive, Terry Benson said: "We are pleased with the growth recorded by all four geographic regions in thefirst half and assuming no significant change in market conditions, weanticipate that full year profits will be materially above current consensusmarket expectations." Enquiries: Michael Page International plcTerry Benson Chief Executive 01932 264 000Stephen Puckett Group Finance Director 01932 264 144 Financial DynamicsDavid Yates/Richard Mountain 0207 269 7291 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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