Recruitment firm Page Group has reported higher revenue and profit for the first half of the year, even as Brexit-led uncertainties hurt hiring in the UK and trade tensions held back growth in China.
The company, which focuses on placing candidates mainly for permanent rather than temporary positions, said its revenue was up 9.5% to £820.5 million in the six months to the end of June.
Pre-tax profits rose 10.9% to £74.6 million.
On Wednesday, the company's shares were up 2.8% in early trading as the firm also announced a special dividend of 12.73p per share on top of an interim payment of 4.3p per share.
The stronger performance came despite political uncertainty in the UK, which made up 16% of the group’s gross profit.
The Surrey-based company, which generates about a fifth of its gross profit in Britain, reported gross profit from the home country was down 0.3% to £69.4 million as decision making by both clients and candidates continued to be affected by Brexit aftermath.
Moreover, the company, which operates in 36 countries worldwide, said operating profit in its Asia Pacific region also fell as a result of trade-related tensions on markets in Singapore and China.
However, a strong performance in other markets, especially the US, helped to offset the losses. Gross profit for the Americas region was up 20.7%, powered by 23% growth in the US.
Kelvin Stagg, the company's Chief Financial Officer and Executive Director, said: “We are pleased with our first-half performance; however, we remain mindful of challenging macroeconomic conditions seen in a number of our regions.
“We will continue to focus on driving profitable growth, while continuing our strategic investments towards our vision of 10,000 headcounts, £1 billion of gross profit and £200 million to £250 million of operating profit.”