Michael Page posts promising UK growth

RECRUITER MICHAEL PAGE saw good UK performance in the first quarter of 2011.

Income climbed to £31.7m in Q1 2011, up 9.4% compared to a year earlier.

Performance across the group grew to £127.3m, up 29.3% on Q1 2010.

“We have now had four quarters of broadly similar gross profit growth, at constant currency and we expect tougher comparative periods to affect growth rates going forward,” said chief executive Steve Ingham.

“However, the outlook in Asia and Latin America remains positive, and Europe continues to improve, all of which gives us confidence that we are well positioned to exceed our 2010 profit performance.”

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