Business
Half Year Results for Period Ended 30 June 2011
Half Year Results for Period Ended 30 June 2011.
About this update from Pagegroup Plc
[{"type":"text","content":"\n \nRNS Number : 3262M Michael Page International PLC 15 August 2011 \n \n\n \n \n15 August 2011\n \nMICHAEL PAGE INTERNATIONAL PLC\n \nHalf Year Results for the Period Ended 30 June 2011\n \nMichael Page International plc (\"Michael Page\"), the specialist professional recruitment company, announces its unaudited half year results for the period ended 30 June 2011.\n \n\n\n\n\nFinancial summary (6 months to 30 June 2011)\n\n\n2011\n\n\n2010\n\n\nChange\n\n\nChange CER*\n\n\n\n\nRevenue\n\n\n£502.1m\n\n\n£393.5m\n\n\n+27.6%\n\n\n+25.8%\n\n\n\n\nGross profit\n\n\n£275.1m\n\n\n£209.6m\n\n\n+31.3%\n\n\n+29.5%\n\n\n\n\nOperating profit before NRI †\n\n\n£45.4m\n\n\n£32.5m\n\n\n+39.6%\n\n\n+36.5%\n\n\n\n\nProfit before tax before NRI\n\n\n£45.5m\n\n\n£33.0m\n\n\n+37.9%\n\n\n\n\n\n\n\nBasic earnings per share before NRI\n\n\n10.0p\n\n\n6.6p\n\n\n+51.5%\n\n\n\n\n\n\n\nDiluted earnings per share before NRI\n\n\n9.7p\n\n\n6.5p\n\n\n+49.2%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit \n\n\n£45.4m\n\n\n£49.6m\n\n\n-8.5%\n\n\n\n\n\n\n\nProfit before tax\n\n\n£45.5m\n\n\n£61.4m\n\n\n-26.0%\n\n\n\n\n\n\n\nBasic earnings per share\n\n\n10.0p\n\n\n13.1p\n\n\n-23.7%\n\n\n\n\nDiluted earnings per share\n\n\n9.7p\n\n\n12.8p\n\n\n-24.2%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInterim dividend per share\n\n\n3.25p\n\n\n2.88p\n\n\n+12.8%\n\n\n\n\n \n*Constant Exchange Rates † Non-recurring items (related to VAT refund of £17.1m and related interest of £11.3m, both net of fees)\n \nHighlights\n \n· Group gross profit up 31% (30%*) with growth in every geography\n· 50% of the Group growing at over 50% year-on-year in gross profit\n· 76% of gross profits generated from outside the UK\n· 55% of gross profit generated from non Finance and Accounting disciplines\n· Launched businesses in India, Malaysia and Qatar\n· Additional space in Beijing, Hong Kong and new offices in Houston, Pudong Shanghai and Porto\n· Gross profit from permanent placements growing at 35% (33%*)\n· Gross profit from temporary placements growing at 20% (1...