Empresaria Group PLC - Crawley, England-based specialist staffing company - Says demand softened and hiring decisions among clients slowed in the second half of 2022, and this has continued into 2023. As a result, Empresaria says net fee income for the four months to April 30 is 5% lower than the year-earlier comparative period. Expects half-year profit to be down "significantly year-on-year against a strong 2022 comparator". Pretax profit was GBP3.3 million in the first half of 2022 on revenue of GBP129.8 million.
Empresaria guides full-year 2023 adjusted pretax profit of about GBP7.0 million. In 2022, adjusted pretax profit was GBP9.0 million on revenue of GBP261.3 million.
Interim results will be announced on August 22.
Current stock price: 51.26 pence each, down 17% on Tuesday afternoon in London
12-month change: down 24%
By Xindi Wei, Alliance News reporter
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Empresaria Group (EMR)