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Robert Walters net fee income drops 7% on UK weakness

Published 09/01/2020, 07:25
Updated 09/01/2020, 07:29
© Reuters.  Robert Walters net fee income drops 7% on UK weakness

(Reuters) - Recruiter Robert Walters Plc (L:RWA) said on Thursday its fourth-quarter gross profit fell 7% as employer and candidate confidence in the UK dwindled due to political uncertainty surrounding Brexit and the December elections.

The company, which warned in October of flat growth in full-year earnings, said overall gross profit or net fee income dropped to 94.2 million pounds for the quarter ended Dec. 31 from 102.3 million pounds a year earlier.

Gross profit from the home market fell 23% to 20.7 million pounds.

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