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CTPartners Executive Search Inc. (NYSE MKT: CTP) reported third-quarter net revenue of $32.0 million, a 5.5 percent increase from $30.3 million reported in last year’s third quarter. However, North America revenue at the New York-based executive search firm fell 6.0 percent to $19.1 million in the third quarter.
CTPartners’ third-quarter revenue in Europe, the Middle East and Africa fell 12.6 percent to $7.0 million; Asia Pacific revenue rose 1.5 percent to $2.0 million; and the Latin America operation brought in third-quarter revenue of $3.9 million, following the acquisition of its independently owned licensee in Latin America.
The company reported a third-quarter net loss of $275,309 compared to a net income of $90,232 in the third quarter year prior. The company had reported restructuring charges in the third quarter.
CTPartners conducted 318 new search assignments in the third quarter, an 18.2 percent increase from the year-ago period.
CTPartners Executive Search Inc. (NYSE MKT: CTP)
For the third quarter ended Sept. 30, 2012, compared to the year-ago quarter.
Net revenue: $32.0 million, +5.5 percent
Net Loss: $275,309 compared to net income of $90,232