Michael Page H1 Profit Rises - Quick Facts

(RTTNews) - Recruitment firm Michael Page International Plc (MPGPF.PK, MPI.L) Wednesday reported first-half pre-tax profit of 35.56 million pounds, up from 32.02 million pounds in the prior year.

Profit attributable to owners of the parent increased to 23.47 million pounds or 7.5 pence per share from 21.45 million pounds or 7.0 pence per share in the year-ago period.

Revenues for the period rose 1.8 percent to 512.22 million pounds from 503.25 million pounds in the preceding year. The growth was 8.3 percent at constant exchange rates.

The board also declared an interim dividend of 3.42 pence per share, up 5.2 percent from last year, to shareholders of record on September 5, 2014, payable on October 3.

Looking ahead, the firm expects market conditions to remain challenging in Brazil and France, and for Australia to stabilise. For the full year, if the current trend of improving growth rates is maintained and foreign exchange rates remain constant, it expects to perform in line with market expectations.