SThree gross profit rises 9% in first quarter amid contract employment boost
Source - SMW
Recruitment group SThree said it had boosted its gross profit by 9% in the first quarter on-year, driven by particularly strong growth in contract employment.
Contract gross profit rose 12%, while permanent rose 1%.
The company said it now generated 85% of its gross profit from markets outside the UK and Ireland.
'We have made an encouraging start to the year, with robust gross profit growth in what is our seasonally least significant quarter,' chief executive Gary Elden said.
'It is pleasing to see growth in both contract and permanent, with a particularly strong performance in contract, driven by continued progress in our key markets, continental Europe and the US.'
At 9:25am: (LON:STHR) SThree PLC share price was +8.25p at 300.25p