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Recruiter Hays sees FY operating profit marginally ahead of expectations
July 14, 2017 / 6:30 AM / 5 months ago

Recruiter Hays sees FY operating profit marginally ahead of expectations

July 14 (Reuters) - Recruiter Hays expects to marginally beat a full-year operating consensus forecast of 209.5 million pounds ($271.5 million), after posting higher quarterly net fees on Friday helped by growth in continental Europe and the Asia Pacific.

The company, which places workers in areas such as finance and IT, However, noted further deterioration in Britain amid cautious as the government negotiates its exit from the European Union.

“The underlying trends in the UK remained sequentially stable, with modest improvements in the private sector offset by a tough public sector market,” Chief Executive Alistair Cox said.

Hays in its trading update on Friday reported a 7 percent rise in group net fees at constant currencies for its fourth quarter which ended June 30.

Quarterly net fees from its UK and Ireland operations fell 5 percent.

$1 = 0.7717 pounds Reporting by Noor Zainab Hussain and Esha Vaish in Bengaluru; editing by Jason Neely

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