Robert Walters soars on strong profits

6th Oct 2010 13:46

Shares in Robert Walters jumped after the recruitment firm reported much higher profits across its markets for the third quarter, including areas affected by continuing economic uncertainty.Total gross profits were up by 65% for the period to £42.5m, against £25.8m over the same period the previous year.That included a 92% rise in its biggest market Asia Pacific and a 49% jump in the UK.'We are continuing to perform extremely well, with our Asia Pacific business maintaining its strong momentum,' chief executive Robert Walters said. 'Trading in the UK has been positive, in spite of continued economic uncertainty and our offices in Europe have done well to achieve a healthy increase in net fee income during the traditionally quieter summer period.'