StockMarketWire.com - International specialist staffing group Empresaria posts adjusted pre-tax profits of £2.1m for the six months to the end of June - 42% up at constant currencies.

Currency headwinds impacted revenues, decreasing 2% to £94.0m (June 2013: £95.6m), with permanent revenue up 10% and temporary staffing revenues down 3%, year on year. On a constant currency basis, revenues were up 4%.

Net fee income rose by 10% in constant currency (3% reported).

The group said all regions delivered good underlying growth, with market conditions improving in the UK and Germany.

Operating profits rose to £2.4m from £1.9m - 30% up in constant currencies - and adjusted earnings per share rose to 2.5p from 2.0p.

Chief executive Joost Kreulen said: "The Group has made strong progress to date in 2014, both financially and operationally, and is delivering on its brand led strategy with a focus on growth markets and sectors. In the first half of 2014 the Group experienced a 24% increase in Adjusted profit before tax, with Adjusted earnings per share increasing 25%.

"As per the stated strategy, we continue to invest in our brands to deliver future growth, with new offices opened in Hong Kong, Malaysia, Chile and Mexico. During the period we also made an investment in a Dubai based professional search firm which allowed Empresaria to enter into a new and important geographic region. We continue to investigate further investment opportunities to help drive our business forward.

"Despite currency headwinds we see exciting growth opportunities ahead and are confident in our ability to deliver profit growth over the next few years. Based on performance to date, we are confident that earnings for the full year will be in line with market expectations and look forward to delivering further growth."










At 8:21am: [LON:EMR] Empresaria Group PLC share price was 0p at 50.5p



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