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Hays records jump in profits and aims to double earnings by 2018
RECRUITMENT firm Hays reported a solid jump in profits yesterday, along with a plan to double earnings from operations in the next five years.
Operating profit in the year to June swelled by 12 per cent, compared with the same period last year, hitting £140.3m. Profit before tax rose by the same proportion, climbing to £132.3bn. The group plans to double their operating profit levels by 2018. The boost came despite a small rise in net fees, up one per cent to £724.9m.
“We saw improved conditions in several key markets, notably in the UK, Asia, North America and many European countries, and took advantage by investing to drive growth,” said chief executive Alistair Cox.