Robert Walters has seen ‘positive’ UK trading with increased profits, according to an interim management statement for the third quarter ending 30 September 2010.

The group’s results reveal:

• Group Q3 gross profit (net fee income) up 65% (56%*) to £42.5m (2009: £25.8m).
• Asia Pacific Q3 gross profit up 92% (70%*) to £21.5m (2009: £11.2m).
• UK Q3 gross profit up 49% (49%*) to £12.6m (2009: £8.5m).
• Europe Q3 gross profit up 33% (40%*) to £7.4m (2009: £5.6m).
• The Americas & South Africa Q3 gross profit up 61% (49%*) to £0.9m (2009: £0.6m).

* Constant currency is calculated by applying prior year exchange rates to local currency results for the current and prior years

Chief executive Robert Walters says: “We are continuing to perform extremely well, with our Asia Pacific business maintaining its strong momentum. Trading in the UK has been positive, in spite of continued economic uncertainty and our offices in Europe have done well to achieve a healthy increase in net fee income during the traditionally quieter summer period.

“We have already taken steps to maximise opportunities in territories where we see strong growth prospects with our new offices in Germany and South Korea further extending our global footprint.”