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Page Group posts record £814.9bn profit

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Recruitment giant Page Group has reported record annual profits due to international growth offset decline over UK operations amid Brexit woes.

Page Group reported a pre-tax profit of £142.3bn in 2018 compared to £118.2m the previous year, revenue increased to 13% to £1.5bn and gross profit soared 16% to a whopping £814.9bn.

In early morning trading, shares were up more than 1% t0 454.4p.

Steve Ingham, chief executive of Page Group said, “We are mindful of the macro-economic uncertainties that exist, but we will continue to focus on driving profitable growth, while continuing our strategic investments towards our vision of 10,000 headcount, £1bn of gross profit and £200m to £250m of operating profit.

“Our flexible and diversified business model ensures that we are able to respond quickly to changes in market conditions.

“We have made further progress on our strategic transformation programmes, completing our network of regional shared service centres, three out of four of which are now on our new global finance system.

“We are also making good progress on the transformation of our business technology function, which will standardise our systems globally and move them into the cloud.”




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