LONDON (Thomson Financial) - World Careers Network Plc. said first-half
pretax profit rose to 493,587 pounds, an increase of nearly 30 percent, due to
an increase in turnover combined with a change in sales mix and a slowdown in
the rate of overhead growth.
Turnover rose to 2.46 million pounds from 2.28 million a year ago.
The company said it has not, so far, experienced a reduction in demand but
said it expects to see some downturn in its level of activity, if not in the
second half of the current year, then in the ensuing financial year.
However, it added that the robust nature of its balance sheet and its strong
cash position give the board confidence that the company is well placed and
resilient in an uncertain macroeconomic environment.
TFN.newsdesk@thomsonreuters.com
ran/slm
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