Robert Walters 2Q Net Fee Income +59% As Hiring Returns

7th Jul 2010 07:19

LONDON (Dow Jones)--Recruitment company Robert Walters PLC (RWA.LN) Wednesday said second-quarter group net fee income rose 59% on year as recruitment activity accelerated markedly across its global markets, but especially in its Asia Pacific unit. For the three months to June 30, Robert Walters said group net fee income, or gross profit, rose to GBP39.7 million from GBP24.9 million in the same period a year earlier. In its Asia Pacific region, net fee income rose 99% to GBP19.5 million while net fee income from its U.S, South Africa and South American operations doubled on year to GBP800,000. Robert Walters said it plans to open more offices across Asia Pacific. In the U.K., net fee income was up 36% to GBP11.6 million, which was attributed to increased levels of activity in the financial services sector. The recruiter, which increased its staff levels 21% in the first half to 1,539, said it has also been investing in its information technology and marketing infrastructure. -By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; [email protected] Order free Annual Report for Robert Walters plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0008475088 or call +44 (0)208 391 6028 (END) Dow Jones Newswires July 07, 2010 02:19 ET (06:19 GMT)