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Gross profit up 6% at Empresaria in first half

July 24, 2019

Global staffing firm Empresaria Group plc reported gross profit rose 6% in constant currency in the first half of the year with the fastest growth in its offshore recruitment services operations in India.

UK-based Empresaria reported percentage growth in gross profit for the company and across staffing segments in a trading update released today in advance of its earnings announcement on Aug. 21.

“We have remained focused on efforts to improve organic growth across the group and as a result our net fee income continues to show improvement,” said CEO Rhona Driggs, who took over the role in June.

While gross profit was up 6% in constant currency for the company as a whole, gross profit rose 55% in constant currency in its offshore recruitment services division.

In Empresaria’s professional division, gross profit rose 7% in constant currency in the first half. It noted that positive performances globally and in the UK offset the adverse effects of Brexit uncertainty on UK businesses in the financial services and new home sales markets.

In the company’s IT division, gross profit rose 2% in constant currency, and commercial segment gross profit rose 3% in constant currency. It noted the commercial segment was affected by a weaker German automotive sector.

Shares in Empresaria were flat, closing at £68.50 today in London; the company had a market cap of £33.6 million, according to FT.com.