Source - Alliance News

Robert Walters PLC - London-based recruitment firm - Gross profit in its second quarter ended June 30 is down 11% at £99.9 million from £112 million a year prior. Robert Walters says global market uncertainty continues to hurt both candidate and client confidence. Net cash falls 0.8% to £69.9 million on June 30 from £70.5 million on March 31. Headcount down 2.8% to 4,280 from 4,403 a the end of the first quarter.

Chief Executive Toby Fowlston says: ‘The group has a strong and experienced senior management team with a successful track record of navigating challenging macro-economic conditions and balancing short-term pressures with longer term growth.’

Current stock price: 423.00 pence, down 0.5%

12-month change: down 17%

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