The company reported a pretax profit of
However, the currency hit meant revenue growth was just 1.8%, compared with 8.3% growth at constant currencies, while its operating profit grew 11%, compared with 21.4% at constant currencies.
Still, the company said it grew in all four regions in which it operates at constant currencies, and it grew strongly in its major markets in the
"For the full year, if the current trend of improving growth rates is maintained and foreign exchange rates remain constant, we expect to perform in line with market expectations," it said in a statement. It gave a market expectation for 2014 operating profit of
It raised its interim dividend to
The company, which focuses on areas like finance, healthcare, accountancy and law, said gross profit rose 10% in the
The underlying growth was driven by hiring of temporary staff and low-level permanent recruitment, which the company said was a typical feature early in any economic recovery cycle.
"This gives us the confidence to continue to invest, both in infrastructure and, selectively, additional fee earners and we will continue this investment in people and infrastructure as we continue to see improving market conditions," it said.
Still, Michael Page shares were down 2.9% at
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