Networkers International expects growth in emerging markets

Networkers International will look to capitalise on growth within various sectors in emerging markets this year, according to Jon Plassard, chief financial officer of the IT and technology staffing

Networkers International will look to capitalise on growth within various sectors in emerging markets this year, according to Jon Plassard, chief financial officer of the IT and technology staffing specialist.

Sectors include telecommunications, IT, energy and financial markets in Africa, Asia and Latin America.

Networkers International has reported “solid growth” in its final results for the year ended 31 December 2010.

The group’s results reveal:

· Adjusted pre-tax profits for the year of £4.61m (2009: £4.08m)

· Pre-tax profits of £4.28m (2009: £4.37m)

· Group headcount increased in the year by 5% to 282

Plassard told Recruiter: “For 2011, we see the growth areas within our business being in the emerging markets of Africa, Asia and Latin America. We are looking to capitalise on these opportunities through our offerings in our specialist telecommunications, IT, energy and financial markets by expanding our headcount, particularly within our international network of offices.”

Chief executive Spencer Manuel adds: “2010 was a year of solid growth for the group, with our key markets showing a marked improvement from the previous year and good progress made in carrying out our strategy of expanding our specialist recruitment offerings within telecommunications, IT, energy a engineering, finance and capital markets into our overseas offices.

“Looking ahead, whilst the group’s UK markets are still some way off being fully recovered, the good momentum from the latter part of 2010 has continued into 2011, particularly within our international markets and the outlook remains positive.”

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