FINANCIALS: Robert Walters confident after profits rise

The chief executive officer of Robert Walters says he is confident that the business is “well positioned for recovery” following the company’s trading update for the final quarter of 2013 that shows gross profit 4% higher than Q4 in 2012.
Wed, 8 Jan 2014The chief executive officer of Robert Walters says he is confident that the business is “well positioned for recovery” following the company’s trading update for the final quarter of 2013 that shows gross profit 4% higher than Q4 in 2012.

The trading update shows gross profit rose to £49.7m in Q4 of 2013, up from £47.7m in Q4 of 2012.

Robert Walters’ UK region increased its contribution to gross profit from £12.8m to £15.1m, a rise of 18%, with its regional businesses and Resource Solutions “again standout performers”, according to the company.

Robert Walters’ Asia Pacific business maintained its position as the group’s most profitable region generating £21.8m in gross profit, although this represented a reduction of 7% after taking into account changes in currency values.

CEO Robert Walters says: “The group continued to trade in line with expectations, with net fee income for the year of £199.2m, an increase of 8% in constant currency despite the mixed nature of global market conditions which have prevailed this year.

“With our continued focus on cost control and productivity, we are confident that our business is well positioned to benefit from a sustained recovery.”

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