Weakness in Irish operation cuts profits at recruitment firm SThree
STAFFING company SThree Plc said first-half gross profit fell 6pc as it recruited fewer permanent hires, particularly Ireland and the UK. Gross profit fell to £94m (€110m) for the six months ended May 26, from £100m a year earlier.
Permanent recruiting recorded a 15pc decline in gross profit on a constant currency basis. SThree said permanent recruiting in the UK and Ireland - which made up a little over a third of the overall gross profit in 2012 -- dropped 24pc.
Gross profit from contract hires rose across all SThree's markets except the UK and Ireland, which decreased by 5pc.
SThree said it maintained an interim dividend of 4.7 pence per share.