FINANCIALS: Profits up for Robert Walters
Robert Walters has posted Q2 2018 gross profit (GP) of £100m – up 18% on the same quarter last year.
According to a trading update for the quarter, released this morning, while the global recruiter saw GP growth across all four regions of its operations, ‘Other International’ led the way.
In this region, the group posted GP of £7.5m, up 29% in constant currency, followed by Europe (£24.6m, up 21% in constant currency), Asia Pacific (£40.5m, up 18% in constant currency), and the UK (£27.4m, up 12% in constant currency).
Elaborating on the group’s performance, CEO Robert Walters pointed to another quarter of strong net fee income (NFI) growth across all regions.
“We have continued to benefit from the diversity of both our international footprint and recruitment revenue streams, with NFI for the first six months of the year up 18% in constant currency (15% actual),” he said.
The group will publish its half-yearly results for the six months ended 30 June 2018 on 26 July 2018.
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