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2 March 2021 | 09:08am StockMarketWire.com - Recruitment firm Robert Walters reported a 75% drop in annual profit, though it said the fall was shallower than feared and declared a final dividend. Pre-tax profit for the year through December sank to £12.1 million, down from £47.4 million year-on-year, as revenue slumped 23% to £938.4 million. Robert Walters declared a final dividend of 11.0p per share, after having reinstated dividends in November with a 4.5p interim payout. Chief executive Robert Walters said the better-than-expected profit performance had been underpinned by a sequential quarter-on-quarter improvement in net fee income. With new or extended lockdowns still occurring across much of the world, market conditions remain challenging and visibility is limited, Walters said. ....
12 January 2021 | 09:58am StockMarketWire.com - Recruitment company Robert Walters upgraded its profit outlook, citing cot cutting a smaller-than expected fall in fourth quarter revenue. Robert Walters said profit for the year through December was now likely to be ahead of current market expectations. Net fee income, or gross profit, for the three months through December fell to £71.4 million, down from £94.2 million year-on-year. Robert Walters said the fall represented an improvement on the 33% and 31% drops recorded for the second and third quarters, respectively. The company s headcount had fallen substantially to 3,147 at 31 December, down from 4,027 a year earlier. Chief executive Robert Walters said there were signs of improvement in forward-looking indicators during the fourth quarter, particularly in Asia Pacific, the company s largest region. ....
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