Robert Walters posts big rise in profits, cites banking mergers

It said banking mergers and reorganisations had created opportunities for the company in London. Its UK contract business and Asian operations had also been strong.

Profits before tax rose to 18.3m (€28.7m) from 11.2m (€17.6m). Turnover was up 21.5% at 216.8m (€340.4m), from 178.5M (€280.2m).

The company focusses on the accountancy, financial services, banking and IT sectors. It floated on the London Stock Exchange in July.

Robert Walters also said it was acquiring the Dunhill Group, an Australian recruitment consultant.