PageGroup says recruitment market got more difficult late in 2023

PageGroup PLC is a recruitment firm based in Surrey, England. In 2023, the company reported slightly higher revenue but a drop in pretax profit despite cost control efforts. The company also increased its ordinary dividend. According to the report, the recruitment market became more difficult late in 2023.

PageGroup's pretax profit dropped by 40% in 2023, indicating that the company faced challenges in the recruitment market. Despite this, the company continued to pay dividends to its shareholders. The fact that PageGroup increased its ordinary dividend despite the drop in profit suggests that the company is financially stable and able to continue paying dividends to its shareholders.

It's worth noting that the recruitment industry can be affected by various factors such as economic conditions, changes in regulations, and technological advancements. The fact that PageGroup faced challenges in the recruitment market late in 2023 could be due to a combination of these factors.

Overall, while PageGroup's revenue increased slightly in 2023, the company faced challenges in the recruitment market which led to a drop in pretax profit. Despite this, the company continued to pay dividends to its shareholders and is financially stable.