By Joe Hope
Robert Walters PLC said Thursday that first-half pretax profit and revenue rose 19% and 15%, respectively, benefiting from high demand amid a shortage of professionals.
The UK recruitment company posted a pretax profit of 26.4 million pounds ($32.1 million) compared with GBP22.1 million for the same period a year earlier. The company said acute talent shortages and wage inflation across all geographies and professional disciplines was creating fierce competition for talent, as demand continues to outstrip supply.
Revenue rose to GBP538.6 million from GBP468.2 million for the year-earlier period. Net fee income rose 27% to GBP210.5 million.
The board declared an interim dividend of 6.5 pence a share, up from 5.4 pence for the first half of 2021.
“Looking ahead, we are yet to see signs of any slowdown in job market activity despite the volatile macro-economic backdrop and inflationary pressure that is being experienced across global markets,” Chief Executive Robert Walters said.
Shares at 0823 GMT were up 4.0 pence, or 0.8%, at 524.0 pence.
Write to Joe Hoppe at [email protected]
Credit: www.marketwatch.com /