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EUROSTAFF INCREASE PROFITS BY 155%

EUROSTAFF INCREASE PROFITS BY 155%

Specialist International Recruitment company Eurostaff Group today reported increased pre-tax profits for the period to 31 March 2011 of 155%, to &pound1.785m.

Commenting on the performance Mark Znowski, Joint Managing Director, said, “The last financial year was about rebuilding our balance sheet, investing in the management structure and continuing to focus on developing a strong business proposition in the Technology, Finance & Energy elements of the business. We derive about 75% of our income from outside the UK and are driving hard to increase this figure before rolling out a more localised strategy, which will support our longer term objective of being a brand leader within our specialist sectors”.

Eurostaff expect to significantly exceed this performance for the current year, based on unaudited figures for the first 4 months and as improved figures from the Energy business, and the growth of our contract numbers come online.

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