LONDON (ShareCast) - (ShareCast News) - Robert Walters shares surged on Tuesday as the recruiter reported record net fee income for the third quarter and said full-year profit would be ahead of market expectations.
In the three months to 30 September, net fee income grew 22% to £90.7m, with all of the group's regions performing well.

Net fee income in the UK was up 15% to £26.9m, with activity levels in London highest across technology and legal recruitment. UK regions also delivered good growth, with St Albans and Manchester the standout performers.

In Europe, net fee income was up 39% to £20.1m, with growth broad-based across permanent, interim and contract recruitment.

In Asia Pacific, net fee income grew by 12% to £35.8m. The company said it saw a continued strong performance across both established and emerging recruitment markets with Japan, Hong Kong and Indonesia delivering impressive rates of growth. In addition, it saw a record performance in New Zealand and continued solid results across Australia.

Chief executive Robert Walters said: "All of the group's geographic regions grew net fee income strongly and growth was broad based across permanent, contract, interim and recruitment process outsourcing.

"The board is therefore confident that profit before tax for the full year will be ahead of current market expectations."

At 0930 BST, the shares were up 8.2% to 590p.

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