Adecco: net profit higher than expected

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The world's biggest temporary employment agency, Adecco, on Wednesday announced second quarter net profit of 97 million euros (127 million dollars), beating analysts' expectations.

It made a loss of 147 million euros in the same period last year.

"Business conditions in the second quarter improved considerably," thanks to strong growth in the group's main markets of France and North America, Adecco's chief executive officer Patrick de Maesenaire said in a statement.

"We see no evidence of a slowdown in our business and demand is robust among most markets," he added.

© 2010 AFP

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