StockMarketWire.com - Robert Walters has improved its FY pretax profit to GBP22.4m, from GBP18.2m, with revenue rising and final dividend upped 18% to 5.13p a share, from 4.35p.

"The Group has delivered another year of strong profit growth. This performance has been underpinned by growth across both emerging and established recruitment markets, across permanent, interim and contract recruitment as well as in our recruitment process outsourcing business," said CEO Robert Walters.

"This reflects the Group's strategic objective of building a truly global and diversified specialist professional recruitment business.

"Looking ahead, whilst mindful of ongoing global market uncertainty we believe that the strength, depth and diversity that the Group now has in terms of geography, discipline and revenue streams ensures that we are well positioned for the future. Our expectations for the full year remain unchanged."

HIGHLIGHTS:

· Strong net fee income and profit growth across all of the Group's regions producing a 23% (28%) increase in profit before taxation to £22.4m (2014: £18.2m).

· Asia Pacific net fee income up 6% (10%) to £96.3m (£99.8m) (2014: £90.5m) and operating profit increased 23% (21%) to £12.9m (£12.7m) (2014: £10.5m).

· UK net fee income increased by 13% to £80.4m (2014: £71.1m) and operating profit increased by 17% to £6.2m (2014: £5.2m).

· Europe net fee income increased 6% (16%*) to £46.3m (£51.0m*) (2014: £43.8m) producing a 53% (97%*) increase in operating profit to £3.3m (£4.3m) (2014: £2.2m).

· Other International (US, Middle East, South Africa and Brazil) net fee income increased by 16% (11%) to £11.5m (£11.0m*) (2014: £9.9m) and operating profit doubled to £0.7m (£0.3m*) (2014: £0.3m).

· Group headcount increased by 11% to 2,916 (2014: 2,631).

· Strong cash generation with net cash of £17.8m as at 31 December 2015 (31 December 2014: £14.3m).





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