UK's Empresaria falls on gloomy profit outlook

Empresaria

23/05/2023 12:58

** Shares of UK-based specialist staffing company Empresaria
Group  EMPR.L  fell as much as 13.8% to 53 pence
    ** Expects half-year profits to be down significantly
year-on-year
    ** Says softening of demand and slowing of hiring decision
seen across the group's businesses during the second half of
2022 have continued into 2023
    ** Sees full-year adjusted profit before tax to be about 7
million pounds
    ** Stock is down 5.95% YTD as of last close

 (Reporting by Shreyaa Narayanan in Bengaluru)
 ((Shreyaa.Narayanan@thomsonreuters.com))