LONDON (SHARECAST) - Profits bounced 20% higher last year at SThree with all of the recruitment specialist's markets growing so far in 2011.
In the year to November, profits rose from Ј8.9m to Ј21.6m with an underlying improvement of 20%. Sales fell to Ј474m from Ј519m.
"SThree delivered a strong result in 2010 in a market which was still some way from fully recovered. Sentiment improved steadily and we ended the year with all our markets and territories in growth," Russell Clements, chief executive, commented.
Permanent placements increased by 8.1% to 6,551 (2009: 6,060), with average fees remaining strong. The number of active contractors at year end increased by 4.9% to 4,359 (2009: 4,157). Some 76% of gross profit are now derived from outside of the UK ICT market (2009: 69%), it said.
"Taking all the available indicators into consideration, we feel there are justifiable reasons to remain optimistic about the forthcoming year," Clements added. The dividend for the year is unchanged at 12p.
Source: http://www.sharecast.com
No comments:
Post a Comment