Hays Q1 Net Fees Up 10% - Update

- Thursday, recruitment company Hays PLC (HAS.L: News ) announced that its total net fees for the first quarter ended September 30, 2008, which increased 10% over last year, represents a solid start to the year in an increasingly difficult economic environment. The company added that its international business, now representing 49% of its total net fees, and the UK public sector business both achieved strong performances, offsetting further weakness in the UK private sector market. During the quarter, net fees from Asia Pacific, Continental Europe & Rest of World increased 27% and 54%, respectively, while net fees from the UK and Ireland fell 8% from the comparable year-ago period. On a like-for-like basis, which represents organic growth of continuing activities at constant currency, total net fees for the quarter rose 4%.... [read full story]