‘Strong’ H1 performance for Empresaria Group
Diversification has helped Empresaria Group deliver a ‘strong’ performance for the six months ended 30 June 2010.
The group’s interim results reveal:
Diversification has helped Empresaria Group deliver a ‘strong’ performance for the six months ended 30 June 2010.
The group’s interim results reveal:
· revenue increased 20% to £108.2m (June 2009: £89.9m)
· permanent revenue increased 54% and temporary staffing revenues increased 19%
· net fee income/gross profit increased 29% to £23.8m (June 2009: £18.5m)
· profit before tax of £2.3m (June 2009: loss of £1.6m)
· net debt reduced to £7.6m (June 2009: £11.3m)
Chief executive Miles Hunt says: “Empresaria’s strategy is to develop a leading international specialist staffing group, balanced in terms of sector, geography and operational coverage. This diversification strategy helped to limit the downside effects to the group in 2009 from the worldwide economic decline. Our exposure to emerging economies and developing staffing markets helped to drive the growth in the first half of 2010.”
