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Robert Walters' annual profit plummets as pandemic wallops hiring globally

Robert Walters' annual profit plummets as pandemic wallops hiring globally
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Investegate |Robert Walters PLC Announcements | Robert Walters PLC: Holding(s) in Company

Investegate announcements from Robert Walters PLC, Holding(s) in Company ....

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Investegate |Robert Walters PLC Announcements | Robert Walters PLC: Holding(s) in Company

Investegate announcements from Robert Walters PLC, Holding(s) in Company ....

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Robert Walters upgrades earnings outlook even as revenue falls | 12 January 2021

12 January 2021 | 09:58am
StockMarketWire.com - Recruitment company Robert Walters upgraded its profit outlook, citing cot cutting a smaller-than expected fall in fourth quarter revenue.
Robert Walters said profit for the year through December was now likely to be ahead of current market expectations.
Net fee income, or gross profit, for the three months through December fell to £71.4 million, down from £94.2 million year-on-year.
Robert Walters said the fall represented an improvement on the 33% and 31% drops recorded for the second and third quarters, respectively.
The company s headcount had fallen substantially to 3,147 at 31 December, down from 4,027 a year earlier.
Chief executive Robert Walters said there were signs of improvement in forward-looking indicators during the fourth quarter, particularly in Asia Pacific, the company s largest region. ....

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