FINANCIALS: Diversifying SThree sees revenues up, profit down for first half
16 July 2012
Technology recruiter SThree has posted revenues for the six months ending 27 May 9.2% higher than in the same period in 2011, but profit before taxation was down by 16.9%.
Mon, 16 Jul 2012
Technology recruiter SThree has posted revenues for the six months ending 27 May 9.2% higher than in the same period in 2011, but profit before taxation was down by 16.9%.
Revenues hit £278.4m, as gross profit rose by 11% to £99.9m, but operating profit (down 16.7%) and profit before taxation were down to £9.1m and £9.3m respectively.The company is earning increasing revenues far from its UK home, with non-UK & Ireland gross profit in the period at 66% of the group total, up from 63% in 2011 as a whole, while gross profit coming from outside of Europe came to 16% of the total, up from 13%.
It is also now doing nearly half of its business outside of IT & telecoms, with such operations making up 44% of gross profit, up from 40% in 2011.
This period also saw the permanent versus contract mix of gross profit remain almost identical, with permanent representing 51% of the sum total, having been 52% across the whole of the financial year 2011.
In the last six months the company has also opened new offices in Brisbane, Oslo, Rio de Janeiro and San Diego, and, as previously reported by recruiter.co.uk, put in place a plan to succeed chief executive Russell Clements, who will retire from the board next year.
Technology recruiter SThree has posted revenues for the six months ending 27 May 9.2% higher than in the same period in 2011, but profit before taxation was down by 16.9%.
Revenues hit £278.4m, as gross profit rose by 11% to £99.9m, but operating profit (down 16.7%) and profit before taxation were down to £9.1m and £9.3m respectively.The company is earning increasing revenues far from its UK home, with non-UK & Ireland gross profit in the period at 66% of the group total, up from 63% in 2011 as a whole, while gross profit coming from outside of Europe came to 16% of the total, up from 13%.
It is also now doing nearly half of its business outside of IT & telecoms, with such operations making up 44% of gross profit, up from 40% in 2011.
This period also saw the permanent versus contract mix of gross profit remain almost identical, with permanent representing 51% of the sum total, having been 52% across the whole of the financial year 2011.
In the last six months the company has also opened new offices in Brisbane, Oslo, Rio de Janeiro and San Diego, and, as previously reported by recruiter.co.uk, put in place a plan to succeed chief executive Russell Clements, who will retire from the board next year.
