Adecco boosts third quarter profit 13 per cent

"GENEVA - The world's biggest temporary staffing group Adecco said Tuesday its third quarter profit rose 13 per cent to 145 million euros (S$252 million) and forecast a strong performance for the rest of the year.

The results, which were in line with analysts' expectations, were built on a four per cent increase in revenues to 5.27 billion euros for the three months ending September.

Adecco said it expected "another strong performance in the fourth quarter and remains absolutely confident it will achieve its target profit margin of above 5.5 per cent in the medium term".

France, Adecco's biggest market, posted a seven per cent growth in revenues to 1.6 billion euros while the United States saw a five per cent rise to 903 million euros, the company said."

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