StockMarketWire.com - Recruitment company PageGroup posted an 11% rise in first-quarter gross profit after, driven by strong growth in overseas markets.

On a constant currency basis, gross profit for the three months through March rose 12%, with the America's leading the improvement with a 21% rise.

Europe contributed growth of 11% and Asia Pacific 15%.

Growth in the company's UK operation, came in at a more modest 1.7%.

The company increased its headcount by 41 in the first quarter, having added 619 individuals in 2018.

'Our flexible business model enables us to react quickly to changes in market conditions by adjusting our headcount, and following our recent COO office appointment, to have a greater focus on productivity and conversion,' chief financial officer Kelvin Stagg said.




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