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CORRECTED-Recruiter SThree blames Brexit uncertainty for UK profit fall

Fri, 09th Dec 2016 08:24

(Corrects to show full-year rise and to specify 12 pct fallrefers to UK and Ireland, paragraphs 1,3)

Dec 9 (Reuters) - Recruiter SThree posted a 2percent rise its full-year gross profit on Friday weighed by an8 percent fall in Britain and Ireland hurt by a slowdown infinance and the public sector partly due to Britain's vote toleave the EU.

Adjusted pretax profit for the year to Nov. 30 is expectedto be slightly above the top end of market guidance of 37.3million to 39 million pounds.

Fourth-quarter gross profit in constant currency for the UKand Ireland fell 12 percent, a steeper fall that the 9 percentdrop seen in preceding two quarters.

SThree said it was focusing on expanding its UK and Irelandbusiness placing people in science and engineering jobs, giventhe challenging market conditions in the finance and energymarkets.

It currently generates 75 percent of its gross profitoutside the UK and Ireland.

"Looking ahead to 2017, global political and macro-economicuncertainties have increased across a number of our keyregions," CEO Gary Elden said in a statement. (Reporting by Esha Vaish in Bengaluru)

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