PageGroup PLC (LON:PAGE) said gross profits have dipped 3% between January and February while it expects a “significant impact” in March.
The FTSE 250-listed recruiter has been hit by coronavirus disruption as it operates nine offices in China, where activities have not yet resumed as normal.
READ: PageGroup cuts fee earners as challenges expected to continue in 2020
Analysts at Liberum said the consensus forecast for underlying earnings is £144mln but it could fall by 10% taking into account weakness in Asia.
The firm hailed a “record” 2019, with revenue jumping 7% to £1.6bn for profit before tax up 2% to £144mln.
The dividend was raised 5% to 13.7p per share.
Shares rose 2% to 378.4p on Thursday morning.