July 13 (Reuters) – British recruiter PageGroup (PAGE.L), on Monday posted second quarter gross profit above market expectations, as strong hiring across the Americas and Asia markets offset a persistent slowdown in Europe and the UK.
Page said it was seeing results from its cost cutting initiatives and investment in high-return areas even as recruiters contend with a hiring slowdown amid economic uncertainty.
PageGroup, which focuses on white-collar recruitment, posted gross profit of £197.6 million ($264.37 million) for the quarter ended June 31, compared with £186.8 million expected by analysts, according to a company-compiled consensus.
($1 = 0.7474 pounds)
Reporting by Prerna Bedi and Nithyashree R B in Bengaluru; Editing by Ronojoy Mazumdar.
