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Manpower profit up 50 pct as hiring picks up in Europe

Monday, 21 Oct 2013 | 7:46 AM ET

Oct 21 (Reuters) - ManpowerGroup Inc, the world's third-largest staffing company, reported a 50 percent jump in quarterly profit, helped by improved hiring in Europe and cost-cutting measures.

The net income rose to $94.7 million, or $1.18 per share, in the third quarter, from $63.1 million, or 79 cents per share, a year earlier.

The results include a restructuring charge of $8.1 million, related to office consolidations and severance costs. Excluding items, Manpower earned $1.26 per share.

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