Morson expects another year of margin pressure

Engineer recruitment specialist Morson expects 2012 will be another tough year, with margins under pressure, after it saw profits fall in 2011.

Engineer recruitment specialist Morson expects 2012 will be another tough year, with margins under pressure, after it saw profits fall in 2011.

The UK provider of technical contracting personnel to the technical industries saw adjusted pre-tax profit fall 12.4% to £7.1m in 2011 from £8.1m the year before. This was partly the result of a rise in the cost of sales, while 2010 saw a one-off net gain on acquisition of business.

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