Manpower Inc reports lower profit on weak demand in Europe

Fri Oct 19, 2012 7:47am EDT

Oct 19 (Reuters) - Global staffing company Manpower Inc reported a lower third-quarter profit due to a drop in demand for its services, especially in Europe, and a strong dollar.

The world's third-largest staffing company, which generates about two-thirds of its sales in Europe, said net income fell to $63.1 million, or 79 cents per share, in the third quarter from $79.6 million, or 97 cents per share, a year ago.

Sales fell 11 percent to $5.17 billion.

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