At actual currency levels, gross profit rose 10% in the half to
The recruitment company said it had increased its sales headcount by 20% compared to the previous year, as it sought to make sure that its contracted worked base had adequate resources to keep up with accelerating growth, and it continued to rebuild its permanent worker base.
As a result of its investment in headcount the company said it would carry additional costs for the remainder of the year as the new hires become fully productive.
Gross profit from permanent workers was up 2% on a constant currency basis compared to the previous year, and it saw improvement in its permanent pre-deal pipeline. However
At actual currency levels, gross profit from permanent workers declined slightly to
In the second half the company said will focus on driving up the productivity of its new hires, particularly in the permanent business, although its headcount growth will ease somewhat.
"While, as always, we remain cautious about extrapolating the trend for the year from the seasonally less significant first half, the strength of our Contract book and the slowly improving outlook for Permanent underpins our confidence in the medium term prospects for the business," said Chief Executive
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