Recruiter Robert Walters (RWA) has received its sixth consecutive EPS upgrade after announcing net fee income for the first quarter of the year was 15 per cent ahead on a constant currency basis. The group benefited from economic recovery in the UK, where net fee income was up by more than a fifth to £18.6m, on a constant currency basis.
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The group's Asia Pacific division, which has previously been dragged down by a dampened performance from its Australian business, is also recovering well. Australia enjoyed a second consecutive quarter of growth and overall net fee income for the Asian Pacific region was up 8 per cent to £21.2m.
