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Recruiter Hays forecasts full-year profit at top end of guidance
April 13, 2017 / 6:27 AM / in 7 months

Recruiter Hays forecasts full-year profit at top end of guidance

April 13 (Reuters) - 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

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