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ReThink Group
- BY: Andrew Hore |
- POSTED: 12/01/2012 |
- COMMENTS: Add yours
Recruitment firm ReThink Group has continued to prosper and its profit doubled in 2011.
Trading has been better than for many of its peers. Revenues grew from £56.4m to around £80m – well above forecasts. Pre-tax profit is just above £1.8m, up from £920,000 in 2010 but just below the house broker forecast of £1.9m.
Last June’s acquisition Berkley Recruitment took ReThink into the pharmaceuticals sector and this business is being expanded into the UK from its original European and Asian base.
ReThink has opened an office in Houston, Texas. This is the first office in the US and it is expected to be earnings enhancing in 2012.
At 8.5p a share, ReThink is valued at £8.86m.
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