Financial recruiter Imprint has said profit for 2006 will come in below City forecasts.

The firm, which owns Morgan McKinley, said adjusted profit before tax will be about £11.3m, marginally below consensus forecasts, but up 62% on the £7m reported in 2005.

The company said the below-forecast profit was a result of a greater than expected proportion of fourth quarter revenues being generated from lower margin regions and a strengthening pound throughout the year.

However, net fee income doubled in Asia and grew 34% in Europe, where the fastest growth was in London, Dublin and Amsterdam. The company said it was well placed to continue its expansion in 2007.

The number of fee earners grew 20% to 375 during the year. Imprint will announce its results on 23 February.