Pagegroup PLCPAGE
▲ PositiveCapitalrelevance
H1 operating profit surged to GBP9.7M from GBP2.1M, with record performances in Page Executive and Enterprise Solutions.
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Industrials
Pagegroup PLCMichael Page reported a first-half operating profit of GBP9.7 million, up from GBP2.1 million a year earlier, as productivity reached its highest level since 2022. Group gross profit declined 2.4% in constant currencies to GBP385.2 million, while earnings per share came in at 1.2 pence. The company declared an interim dividend of 1.46 pence per share and expects full-year operating profit in line with a company-compiled consensus of GBP28 million. Page Executive delivered a record performance with 8% growth, and the Enterprise Solutions outsourcing business posted record first-half growth of 22%. Annualized cost savings of around GBP40 million have been achieved since the strategy launch, though net debt rose to GBP7.2 million after a working capital outflow of GBP33.9 million.
Pagegroup PLCH1 operating profit surged to GBP9.7M from GBP2.1M, with record performances in Page Executive and Enterprise Solutions.