Business
Correction: First Quarter 201
Correction: First Quarter 201.
About this update from Pagegroup Plc
[{"type":"text","content":"\n RNS Number : 9521J Michael Page International PLC 09 April 2010 \n \n\nCORRECTION:\nThe Year on Year local currency comparisons in the announcement issued this morning at 0700 were incorrect. Below is the corrected statement. \n \n9 April 2010\n \nFIRST QUARTER 2010 INTERIM MANAGEMENT STATEMENT\n \n \nFinancial Summary\n· Group Q1 gross profit of £97.8m, sequentially +£7.2m or +7.9% (+7.9%*) on Q4 2009 and +2.9% (+1.9%*) on the £95.0m in Q1 2009\n· EMEA (46% of Group) Q1 gross profit of £44.6m, sequentially +£2.4m or +5.6% (+7.6%*) on Q4 2009 and -6.5% (-4.6%*) against the £47.7m in Q1 2009\n· UK (30% of Group) Q1 gross profit of £28.9m, sequentially +£2.4m or +9.2% on Q4 2009 and flat against £28.9m in Q1 2009\n· Asia Pacific (13% of Group) Q1 gross profit of £13.2m, sequentially +£1.0m or +7.5% (+3.2%*) on Q4 2009 and +39.3% (+26.2%*) against the £9.4m in Q1 2009\n· Americas (11% of Group) Q1 gross profit of £11.1m, sequentially +£1.5m or +15.3% (+11.9%*) on Q4 2009 and +23.9% (+17.4%*) against the £9.0m in Q1 2009\n· Q1 Permanent gross profit (77% of Group) sequentially +£8.5m or +12.9% (+12.8%*) on Q4 2009 and +13.0% (+11.8%*) against the £66.3m in Q1 2009\n· Q1 Temporary gross profit (23% of Group) sequentially -£1.3m or -5.7% (-5.6%*) on Q4 2009 and -20.3% (-20.9%*) against the £28.7m in Q1 2009\n· Group headcount at 31 March 2010 of 3,659, 110 (3.1%) more than at 31 December 2009\n· 8.7m shares (2.7% of share capital) purchased during the quarter\n· Net cash at 31 March 2010 in the region of £118m (£137.2m at 31 December 2009)\n \n* Denotes where overseas results denominated in foreign currencies have been translated at constant rates of exchange for constant currency illustrative purposes.\n \nCommenting on the first quarter trading, Steve Ingham, Chief Executive said:\n \n\"Our performance in the first quarter was encouraging, with gross profi...