Robert Walters third quarter income down 29%

9th Oct 2009 07:53

Recruitment group Robert Walters saw net fee income slump by 29% in the third quarter but reports some improvements, especially in banking and in Asia, though visibility overall remains limited."Although the rate of decline in recruitment activity appears to be levelling out in some areas, the uncertain state of the global economy as a whole means that forward visibility remains limited. We are committed to our strategy of growing market share and have begun making selective hires to increase capacity where appropriate," chief executive Robert Walters said.In August, the company revealed an interim loss to June of £2.6m, against a profit of £9.8m, as net fee income fell to £50m from £71.7m.