- Recruitment company Robert Walters increased its profit before tax by 44% to a record £40.6m in 2017.

All of the group's regions delivered increases in both gross profit (net fee income) and operating profit.

In total, 71% of the group's net fee income is now derived from overseas businesses. Revenue was up 17% to £1.2bn and net fee income increased by 24% to £345.2m.

The group further strengthened its balance sheet with net cash of £31.1m as at 31 December 2017 (31 December 2016: £22.5m). Headcount increased by 17% to 3,793. The board will be recommending a 50% increase in the final dividend to 9.3p per share which combined with the interim dividend of 2.75p per share would result in a 42% increase in the total dividend to 12.05p per share.

At 9:59am: [LON:RWA] Robert Walters PLC share price was +13p at 681p

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