FINANCIALS: Robert Half and RP International post positive results
23 October 2013
Global professional recruiter Robert Half and UK-based recruiter RP International both saw growth in newly-announced financial results.
Wed, 21 Oct 2013Global professional recruiter Robert Half and UK-based recruiter RP International both saw growth in newly-announced financial results.
Robert Half
The firm saw net revenues of $1.08bn (£670m) for the quarter ended 30 September 2013, up 4% on the same period in 2012.
Gross margin grew at a slightly faster rate, moving from $415m to $437m, resulting in net income rising from $58m to £66m.
Robert Half’s biggest brand Accountemps shrunk revenues slightly, while its smallest divisions saw the biggest growth, with 7% revenues rise in the finance & accounting offering, and consulting firm Protiviti, acquired last year, growing revenues 17% to overtake its technology and management recruitment brands by size.
Chair and chief executive officer Harold M Messmer Jr comments: “Demand for our professional staffing and consulting services remained strong in the third quarter, led by Protiviti and our technology and permanent placement staffing divisions, particularly in the US.”
RP International
Turnover increased by 6% to £22.2m in the year ending 30 April 2013 compared to the previous year, while gross profit rose by 24% to £3.2m, according to results filed at Companies House.
The professional recruiter made an operating profit of £717k, having made a loss of £172k in 2012. Final profit was £569k, reversing last year’s £487k loss.
Turnover from the UK dropped to nearly a quarter of 2012’s level, coming to £380k, while Middle East turnover more than doubled, going from £2.3m in 2012 to £5.1m. Smaller growth in turnover was also seen in South and Central America, Africa and Asia.
The company’s financial report says it “continued to face challenging market conditions in Europe” but say that trade improved in the UAE and Asia-Pacific region.
RP International reduced its headcount from 78 to 63 in the year, with sales staff dropping from 59 to 49.
Robert Half
The firm saw net revenues of $1.08bn (£670m) for the quarter ended 30 September 2013, up 4% on the same period in 2012.
Gross margin grew at a slightly faster rate, moving from $415m to $437m, resulting in net income rising from $58m to £66m.
Robert Half’s biggest brand Accountemps shrunk revenues slightly, while its smallest divisions saw the biggest growth, with 7% revenues rise in the finance & accounting offering, and consulting firm Protiviti, acquired last year, growing revenues 17% to overtake its technology and management recruitment brands by size.
Chair and chief executive officer Harold M Messmer Jr comments: “Demand for our professional staffing and consulting services remained strong in the third quarter, led by Protiviti and our technology and permanent placement staffing divisions, particularly in the US.”
RP International
Turnover increased by 6% to £22.2m in the year ending 30 April 2013 compared to the previous year, while gross profit rose by 24% to £3.2m, according to results filed at Companies House.
The professional recruiter made an operating profit of £717k, having made a loss of £172k in 2012. Final profit was £569k, reversing last year’s £487k loss.
Turnover from the UK dropped to nearly a quarter of 2012’s level, coming to £380k, while Middle East turnover more than doubled, going from £2.3m in 2012 to £5.1m. Smaller growth in turnover was also seen in South and Central America, Africa and Asia.
The company’s financial report says it “continued to face challenging market conditions in Europe” but say that trade improved in the UAE and Asia-Pacific region.
RP International reduced its headcount from 78 to 63 in the year, with sales staff dropping from 59 to 49.
