LONDON (dpa-AFX) - Professional recruitment group Hays Plc (HAS.L) on Thursday said it sees operating profit for the year to be towards the top of the current range of market estimates.
Net fees for the third quarter ended March 31 increased 12 percent from last year. The increase was 10 percent on a like-for-like or L-f-L basis, which is organic growth at constant currency.
International business delivered strong L-f-L growth of 18 percent and represented 70 percent of net fees in the quarter.
Net fees dropped 5 percent in the UK & Ireland, with private sector declining 6 percent. Public sector net fees declined 2 percent.
Based on the group's year-to-date performance and the company's current view on outlook, Hays expects full year operating profit to be towards the top of the current range of market estimates.
Looking ahead, Alistair Cox, Chief Executive, said, '...we will continue to invest selectively in growth areas whilst at the same time reacting to changing conditions in each of our countries and specialisms to maximise fees and profitability.'
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