Gross profit hit by challenging second half at Michael Page

Gross profit fell 4.9 per cent to 526.9m pounds in the year ended December 31st at professional recruitment company Michael Page, financial results have shown.

Gross profit fell 4.9 per cent to 526.9m pounds in the year ended December 31st at professional recruitment company Michael Page, financial results have shown.

The company reported that gross profit had risen by 2% year-on-year in the first half, but as market conditions deteriorated the year-on-year growth rate slowed to -5% in the second half.

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