International recruiter Empresaria revenues were down 8%, with net fee income also down 25% in its interim results for the six months ended 30 June 2009.

The firm announced revenues of £92.5m and gross profit of £18.9m and posted an adjusted loss before tax of £0.5m (£1.8m profit in 2008), although it broke even on an adjusted basis at operating profit level.

Miles Hunt,  chief executive  at Empresaria, says: “Empresaria’s strategy is to develop a multi-disciplined international specialist staffing group, balanced in terms of sector, geographic and operational coverage, as well as organic and acquisitive growth. Since 2004 we have established operations either through start-up or investment in an existing business in 20 countries. The group now generates over 60% of its net fee income from markets outside the UK.”