SThree plc (STEM.L), a talent provider, on Tuesday announced that its profit before tax decreased in the first half compared with the previous year.
For the first half, profit before tax fell 72 percent to 10.07 million pounds from 39 million pounds in the prior year.
Profit for the period attributable to the owners of the Company slid to 7.20 million pounds from 28.11 million pounds last year.
Earnings per share were 5.5 pence versus 20.8 pence last year.
Operating profit fell to 9.96 million pounds from 37.70 million pounds in the prior year.
Revenue decreased to 648.82 million pounds from 763.40 million pounds in the previous year.
Looking ahead, the company is seeing pockets of improving momentum in certain segments and markets, particularly in the US and Japan, where initiatives to enhance market positioning are gaining traction.
It also confirmed that the realization of further operational efficiencies remains on track, with 6 million pounds in in-year net savings expected.
The company also said performance for full-year 2025 is anticipated to be in line with the previously announced profit before tax guidance of 25.0 million pounds.
SThree is currently trading at 0.62% lesser at 240 pence on the London Stock Exchange.
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