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07 Sep 2004
The world's largest provider of temporary workers, said second-quarter profits rose 11% and that this was boosted by a gain of €30m from the sale of the company's internet job advertising unit, jobpilot in April.
The Swiss staffing services provider saw Q2 revenues rise 6% to €4.3bn with a net income rise of 11% to €95m. Sales growth also doubled over the first quarter.
A spokesman said: 'Worldwide demand for temporary staffing continued to grow and Adecco expects it to further strengthen into 2005.'
Adecco said in January that it had uncovered 'material weakness in internal controls? at its North American business, sending shares down 35% in one day and triggering the resignations of chief financial officer Felix Weber and the head of the North American unit.
In June the company saw the resignation of John Bowmer, its third executive to jump ship since accounting irregularities were found.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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