Michael Page Q1 Gross Profit Rises - Quick Facts

(RTTNews) - Michael Page International plc (MPGPF.PK, MPI.L) reported first-quarter gross profit of 135.6 million pounds, compared to 126.6 million pounds, last year; up 7.2% in reported rates and up 10.9% in constant currencies, with growth in all four regions.

The Group said its results were impacted by foreign exchange movements which lowered reported figure by 3.7 percentage points, equivalent to 4.8 million pounds of gross profit. The Group noted that the FX impact on its results in 2015 is expected to be significant.

Looking forward, Steve Ingham, CEO said: "We expect to see similar trends in market conditions prevailing across our major regions. Sterling remains strong and this continues to impact our results. The Board continues to believe the performance for the year will be in line with its expectations."