July 22, 2019 / 6:30 AM / 2 months ago

SThree posts higher half-year profit, UK revenue drops

(Reuters) - Recruiter SThree Plc (STHR.L) posted an 18% rise in half year pretax profit, bolstered by strong international hiring as it battles a significant slowdown in its British home market.

The company, which hires employees for financial, energy, banking and pharmaceutical companies, said adjusted pretax profit for the half year ended May 31 rose to 24 million pounds ($30.00 million) from 20.3 million pounds a year ago.

Net fees in its UK & Ireland business slumped 9% as it shifted its focus to contract hiring.

Reporting by Sangameswaran S in Bengaluru; editing by Patrick Graham

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