Empresaria on track for record adjusted profit before tax
Source - SMW
Empresaria, the international specialist staffing group, said it expects to deliver a record adjusted profit before tax for the year ended 31 December 2017, up approximately 20% year on year.
'The Group is expected to deliver a record adjusted profit before tax, up approximately 20% year on year, Empresaria said in a trading update. 'We expect net fee income to be approximately 17% ahead of the prior year and diluted adjusted earnings per share up approximately 9% on the prior year.'
Strong performances in the UK, Japan and Chile were highlighted as supportive factors contributing to the bullish outlook on adjusted profit before tax growth.
'There were strong performances in the UK within professional services and other services (domestic services and new house sales), in Japan in IT & design and in Chile in retail,' Empresaria said in a trading update, but warned that the 'technical & industrial sector experienced a challenging year.'
'Empresaria has demonstrated the benefit of its diversified business model, delivering another record profit in 2017,' said Joost Kreulen, Chief Executive of Empresaria.
'We are focused on delivering our strategy: strengthening a multi-branded group, with a focus on developing leading brands that are diversified and balanced by geography and sector,' Kreulen said.
Empresaria announces its final results on Wednesday, 14 March 2018.
At 9:46am: (LON:EMR) Empresaria Group PLC share price was +6p at 107.5p