Hays beats annual profit estimates
British recruiter Hays reported annual operating profit above market expectations driven by cost cuts and resilient temporary hiring. The firm posted a profit of £48.6 million for the year ended June 30.
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HAYS PLC posted an annual operating profit of £48.6 million ($66.11 million) for the year ended June 30, beating expectations despite weak permanent recruitment in the United Kingdom. The result climbed 7% from the previous year, surpassing the £45.3 million consensus estimate. Cost cuts and resilient temporary hiring drove the earnings beat across the firm's core markets.
