April 13 British recruitment company Hays
forecast full-year profit at the top end of market
expectations on Thursday after reporting record third-quarter
net fees as international hiring offset weakness in the UK
market following the Brexit vote.
The company, which places workers in areas such as finance
and IT, said it expected full-year operating profit to be at the
top of a market consensus range of 199 million to 209 million
pounds ($250 million-$263 million).
Net fees increased 10 percent on a constant currency basis
in the third quarter which ended on March 31 boosted largely by
strong growth in continental Europe, where Germany and France
were standout performers.
Net fees from its UK and Ireland operations fell 4 percent,
but showed an improvement against a 10 percent fall recorded for
the preceding two quarters, Hays said in its trading update.
($1 = 0.7959 pounds)
(Reporting by Esha Vaish in Bengaluru; editing by Jason Neely)