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Gross Profit Slips at Michael Page

October 08 2012

Michael Page International plc, a U.K.-based provider of professional staffing, reported third-quarter gross profit in North America fell 3 percent year over year on a constant currency basis to approximately £6.3 million (US$10.2 million).

Third-quarter gross profit for the company as a whole fell 6.5 percent year over year on a constant currency basis to £126.5 million (US$204.5 million).

“In most regions, activity levels improved towards the end of Q3, however, we do anticipate another challenging fourth quarter, with economic conditions and market confidence likely to remain poor for the foreseeable future,” said Chief Executive Steve Ingham.

Reuters reports the Michael Page profit warning reflects euro zone jobs pain. Read the Reuters story here.

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