Robert Walters’ profits up as it reopens in Japan

 
City A.M. Reporter
RECRUITMENT firm Robert Walters yesterday said its first-quarter net fees rose 23 per cent, helped by a strong performance in Europe and Asia Pacific, and the company said its Japanese business was now operational.

However, the company said it may be some time before the market fully recovers in earthquake-hit Japan.

Robert Walters, which specialises in placing people in accountancy, engineering and IT, posted net fee income, or gross profit, of £40.1m, up from £32.6m a year earlier.

Gross profit from the Asia-Pacific region rose 29 per cent, while Europe posted a 32 per cent increase.

“We continue to pursue our strategy of international expansion and diversification, having chosen Brazil, China and Germany as new markets providing strong opportunities for growth,” said chief executive Robert Walters, who established the firm in 1985.