Empresaria trades in line with expectations

Staffing specialist Empresaria told investors on Wednesday that it had traded in line with market expectations in its recently wrapped up trading year.

Empresaria expects to turn in a 4% year-on-year increase in both net fee income and adjusted pre-tax profits but warned that, due to the mix of profit across brands with different non-controlling interests, diluted adjusted earnings per share were likely to be "slightly lower than the prior year".

The AIM-listed group recorded profit growth in three of its four main regions, which helped offset weaker results from Germany and Japan.

Chief executive Spencer Wreford said: "This result again demonstrates the benefit of Empresaria's diversified business model, delivering another year of profitable growth, despite regulatory challenges in two of our key markets.

"We have a clear vision to be a leading, international, specialist staffing group, and are confident we have a plan in place to deliver on this."

As of 1040 GMT, Empresaria shares had slipped 0.78% to 66.48p.