- Record productivity
- Profit guidance unchanged
Amidst a host of record figures, there is a quiet hint of warning in PageGroup’s (PAGE) interim results. The professional recruitment company noted a “slight slowing in time to hire in some of [its] markets” in July, saying it would “continue to closely monitor” its forward-looking KPIs.
There was no sign of a slowdown in the first half of the year, however. Operating profit rose by 79 per cent to £115.3mn and productivity surged, with gross profit per fee earner up 9 per cent. Shareholders have been rewarded with higher dividends and a special dividend of 26.71p per share.