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Michael Page gross profit rises 33.0%

April 07 2008

Michael Page International PLC, a London-based staffing firm, said worldwide gross profit rose 33.0% to GBP140.3 million (US$279.9 million) in the first quarter ended March 31.

In its Americas segment, Michael Page said gross profit rose 62.4% to GBP11.6 million (US$23.1 million). The company also said it opened a new office in Montreal.

Gross profit rose 55.3% in its Europe, Middle East, and Africa segment, which represented 46% of the company's gross profit. In addition, Michael Page reported gross profit rose 6.7% in the United Kingdom, which represented 34% of the company's gross profit.

"Whilst we continue to experience strong activity levels and demand for talent, in certain areas there are signs of more cautionary behavior," said Chief Executive Steve Ingham.

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