Robert Walters PLC - London-based recruitment firm - For the first six months of 2020, pretax profit plunges by 79% to GBP4.3 million from GBP20.9 million a year before, on revenue that falls by 22% to GBP496.4 million from GBP634.5 million, as all regions the group operates in are significantly affected by the Covid-19 pandemic. Due to market uncertainty and volatility, Robert Walters will not pay an interim dividend. Looking ahead, current trading is in line with market expectation for 2020 as a whole, with strong balance sheet and cash position.
Current stock price: 405.01 pence
Year-to-date change: down 27%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Robert Walters (RWA)