Empresaria continues to deliver profits in Q3
By Iain Gilbert
Date: Wednesday 02 Dec 2020
(Sharecast News) - Staffing firm Empresaria said on Wednesday that it had continued to demonstrate the financial benefits of its diversity by both geography and sector through the third quarter.
Empresaria said after having delivered profits in the first and second quarters under "extremely challenging circumstances", the group said on Wednesday that it had also recorded profits in every month since.
The AIM-listed group said evidence of recovery was also being seen across many units but cautioned that it remained "slow in some cases" and local conditions were likely to still be "volatile" as a result of Covid-19.
Empresaria also said it anticipates that full-year net fee income will be in the range of £52.0m-55.0m and adjusted profit before tax was projected to be between £4.4m and £4.9m.
However, Empresaria added that costs had increased over recent months as the usage of furlough or similar schemes had reduced amid returning demand, but did note that this had been managed against increases in net fee income to ensure that the group was still able to deliver improved profit performance.
As of 1120 GMT, Empresaria shares were up 3.53% at 44.0p.
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