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Hays Full Year Profit Dips - Quick Facts

(RTTNews) - Hays Plc (HAS.L) reported a lower profit for the year ended June 30, 2010 reflecting a higher net finance charge.

Announcing the preliminary results, the company reported profit attributable to equity holders of the parent of GBP 9.3 million or 0.67 pence per share, compared to GBP 105.8 million or 7.71 pence per share last year.

Profit attributable to equity holders of the parent before exceptional items was GBP 44.5 million or 3.21 pence per share for the year.

Pre-tax profit plunged to GBP 29.7 million from GBP 151.0 million in the prior year period. Before exceptional items, pre-tax profit dipped to GBP 71.1 million from GBP 151.0 million in the previous year.

Turnover was GBP 2.69 billion, up from GBP 2.45 billion last year.

The company's board will propose a final dividend for 2010 of 3.95 pence per share at the AGM on November 10, 2010. If approved, the final dividend will be paid on November 19, 2010 to shareholders on the register at the close of business on October 22, 2010.

Alistair Cox, chief executive, stated,"After a tough first half to the year, we returned to growth in the second half driven by excellent performances in Asia Pacific and Germany. In the fourth quarter, 20 countries across the Group delivered net fee growth of over 10% as we added headcount to capitalise on the upturn."