Recruiter SThree's profit rises on rising contract hires

March 14 Fri Mar 14, 2014 3:35am EDT

Related Topics

March 14 (Reuters) - Recruiter SThree Plc said first-quarter gross profit rose 9 percent helped by higher contract placements as companies shied away from making full-time hires amid a shaky pickup in Europe.

The staffing company recruits for a range of sectors, including information technology, financial, energy and pharmaceuticals industries in continental Europe and the UK.

At constant currency, gross profit or net fee income - a relevant performance indicator for recruitment companies - rose to 47.8 million pounds ($79.7 million) in the quarter ended March 2 from 44.3 million pounds a year earlier.

Shares in the company, which trades under brands such as Huxley Associates, Progressive and Computer Futures, closed at 405.25 pence on the London Stock Exchange on Thursday.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.