Hays plc reported net fees (gross profit) rose 23% in its fiscal fourth quarter ended June 30 on a “like-for-like” basis, which represents year-over-year growth on an organic and constant currency basis. Gross profit was at a record for the company.

Permanent placement at the UK-based global staffing firm led the way with gross profit up 31% on a like-for-like basis. Perm growth was headed up by the UK and Ireland.

“We finished our financial year strongly, delivering record quarterly fees overall and with 15 countries producing quarterly fee records, including our largest country of Germany,” Chief Executive Alistair Cox said. “Fees and activity were stable at high levels through the quarter, driven by good client and candidate confidence.”

Fiscal Q4 gross profit growth

Gross profit in the US rose 20% in the fiscal fourth quarter, while gross profit in Canada rose 64%. Gross profit in Latin America was up 45%.

“While macroeconomic uncertainties are increasing, we have a clear strategy, and our key markets continue to be characterized by skill shortages,” Cox said. “Our fee growth is also supported by improved margins and wage inflation globally.”

Share price and market cap

Shares in Hays closed up 0.34% to £117.70 (US$140.04) today in London; they were 11.88% above their 52-week low, FT.com reported. The company had a market cap of £1.93 billion (US$2.30 billion).