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International staffing firm Empresaria (EMR:LSE) said on Thursday that profits for the 2012 financial year will meet current market expectations due to a robust performance in Asia. The news come ahead of the firm’s preliminary results which will be published in March.
Chief executive Joost Kreulen said: “We have seen a strong performance from our Asian operations, a much improved second half performance in Chile and stable trading in the UK.”
But in Germany the firm encountered exceptional costs due to a restructuring process, resulting in lower full-year profits. However, “the business now has an improved focus and a much reduced cost base going into 2013,” said Mr Kreulen.
The chief executive expects to see organic growth this year while also looking at opportunities for expanding in the marketplace.
In the first six month of 2012, trading conditions for Empresaria proved challenging as the staffing specialist felt the bite of the European debt crisis with revenue dropping -4% to £97.8 million.
Empresaria is among the top 50 staffing firms in the UK. The agency provides recruitment and HR related services, including temporary and permanent recruitment, recruitment process outsourcing, HR consulting and corporate training.