Robert Walters PLC - London-based recruitment firm - Raises profit guidance for full year to be "comfortably" ahead of previous forecast signalled. Net fee income for the third quarter ended September 30 was up 26% to GBP91.8 million from GBP72.8 million a year before. Growth was strongest across the Asia Pacific region, which accounted for 48% of group income. Trading continues to be strong across all of its major regions, the company states.
"I am pleased to report that the group has once again benefited from operational gearing and that profit for the full year is expected to be comfortably ahead of current market expectations," comments Chief Executive Robert Walters. "With candidate and client confidence accelerating across all recruitment disciplines and candidate shortages becoming ever more acute, the competition for talent is fierce. In short, the jobs market is hot."
Robert Walters will publish a trading update for the fourth quarter on January 11.
Current stock price: 759.00 pence; up 3.7% on Thursday
Year-to-date change: up 60%
By Will Paige; willpaige@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Robert Walters (RWA)