Business
Half Year Results for the Period Ended 30 June 23
Half Year Results for the Period Ended 30 June 23.
About this update from Pagegroup Plc
[{"type":"text","content":"\n\n \n \n7 August 2023\nHalf Year Results for the Period Ended 30 June 2023\n \nPageGroup plc (\"PageGroup\"), the specialist professional recruitment company, announces its unaudited half year results for the period ended 30 June 2023.\n \n\n\n\n\nFinancial summary\n(6 months to 30 June 2023)\n\n\n2023\n\n\n2022\n\n\nChange\n\n\nChange CC*\n\n\n\n\nRevenue\n\n\n£1,033.9m\n\n\n£977.3m\n\n\n+5.8%\n\n\n+3.6%\n\n\n\n\nGross profit\n\n\n£526.8m\n\n\n£538.9m\n\n\n-2.2%\n\n\n-4.4%\n\n\n\n\nOperating profit\n\n\n£63.9m\n\n\n£115.3m\n\n\n-44.6%\n\n\n-47.5%\n\n\n\n\nProfit before tax\n\n\n£63.3m\n\n\n£114.5m\n\n\n-44.7%\n\n\n\n\n\n\n\nBasic earnings per share\n\n\n13.6p\n\n\n25.6p\n\n\n-46.9%\n\n\n\n\n\n\n\nDiluted earnings per share\n\n\n13.6p\n\n\n25.5p\n\n\n-46.7%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInterim dividend per share\n\n\n5.13p\n\n\n4.91p\n\n\n\n\n\n\n\n\n\n\nSpecial dividend per share\n\n\n15.87p\n\n\n26.71p\n\n\n\n\n\n\n\n\n\n\n \nH1 Summary\n· Group operating profit of £63.9m (H1 2022: £115.3m)\n· Conversion rate** decreased to 12.1% (H1 2022: 21.4%)\n· Gross profit per fee earner down 5.8% on H1 2022 to £79.7k (H1 2022: £82.8k)\n· Total headcount decreased by 448 (5.0%) to 8,572 at the end of June\n· Strong Balance Sheet, with net cash of £97.9m (H1 2022: £136.2m)\n· Interim dividend up 4.5% to 5.13 pence per share, totalling £16.2m\n· Special dividend of 15.87 pence per share, totalling £50.0m\n· Outlook unchanged: Full year operating profit expected to be in line with previous guidance\n \n* in constant currencies\n** operating profit as a percentage of gross profit\n \nCommenting, Nicholas Kirk, Chief Executive Officer, said:\n \n\"The Group delivered a robust H1 performance against a record first half in 2022. EMEA delivered the standout result, delivering record H1 gross profit against a particularly strong comparator across the region. However, tough market conditions continued in Asia, the UK and the US. Overall, Group gross profit declined 4.4% in constant currencies against H1 ...