Adecco SA reported Wednesday that the company posted a fourth-quarter net profit, citing improving market conditions in France and North America, according to Associated Press.
The Swiss-based staffing company earned a profit of euro42 million ($57 million), compared to a euro22 million ($28 million) net loss for the same period last year. Last year’s results were affected by weakened demand by companies for temporary and permanent employees during the global financial crisis.
Xplosive Stocks, an online financial publication, provides investors timely stock market information.
Sign Up Today for our Free Stock Newsletter
Group revenues for the fourth quarter were down 18 percent at euro3.8 billion.
Revenue in France, which is its biggest market, dropped 13 percent to euro1.2 billion, which is an improvement compared to the third-quarter decline of 27 percent.
In the United States and Canada, revenues fell by 14 percent to euro562 million.
Sign up for the free Xplosive Stocks newsletter. Investors interested in receiving small cap stock alerts through the penny stock newsletter published by Xplosive Stocks can sign up for free by visiting our website.
About Us
Xplosive Stock is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We focus on Xplosive Stocks and track small cap companies that are on the brink of a financial breakout. To feature a company on our website please contact us at the email listed below.
Please click here to read the full disclaimer.
