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Record first half for Empresaria

Tuesday, 22nd August 2017
Empresaria, the international specialist staffing group, had a record first half with strong growth in profit and adjusted earnings per share up 33% on 2016.

Revenues rose to £173.4m - up up 63% on last time (50% at constant currencies).

Net fee income increased to £34.4m - up 26% on last time (17% at constant currencies) and pre-tax profits were 13% higher at £3.5m (3% up at constant currencies).

Chief executive Joost Kreulen said: "Empresaria has delivered a record first half result with a strong growth in adjusted earnings per share, demonstrating the strength of our diversified business model.

"We are focused on delivering our strategy: strengthening a multi-branded group, with an emphasis on developing leading brands that are diversified and balanced by geography and sector.

"We are pleased with how both Rishworth Aviation and ConSol Partners have integrated into the Group and we see good opportunities for them to grow their businesses as part of Empresaria.

"In line with the Group's strategy to invest in its leading brands, Empresaria has invested £0.5m in new staff, bringing together certain brands and opening a new office in Vietnam.

"The benefits of these actions are expected to be demonstrated over the coming periods.

"We see good growth opportunities across our brands and from further potential investments.

"We remain confident in our ability to meet current market expectations for the full year."

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