44 Empresaria Group Company name in Chinese： / Company name in English： Empresaria Group Headquarters： W Sussex Country： Britain Established： 1996 Website： http://www.empresaria.com/ Main Business： Recruitment/ Headhunting Annual revenue of 2013： 304 million dollars Stock Exchange： LON Stock Code： EMR About： Empresaria is an international specialist staffing group, with a strategy to be diversified and balanced across geographies and sectors, with a focus on high-growth markets. The Group follows a multi-branded approach with 20 brands operating in 19 countries. The majority of their business is from recruitment services, with over 90% of their net fee income derived from permanent and temporary recruitment. Overall they have a bias towards temporary recruitment, which is generally less volatile than permanent recruitment through the economic cycle. However in those countries where temporary recruitment does not exist or is marginal they focus on permanent recruitment. This is primarily in the emerging staffing markets in our Rest of the World region. Major financial data in Fiscal 2013(Unit: $ million) Operating profit Net profit Pre-tax profit Shareholders' equity 9 / 6 39 Total assets by the end of 2013 Average total assets Current assets Current liabilities 95 47 51 43 Receivable by the end of 2013 Average receivable Total liabilities Interest expense 43 22 56 / Major financial ratios in Fiscal 2013： Indicator Ratio Compared with industry average Indicator Ratio Compared with industry average Revenue growth rate 0.03% Lower Net profit margin / / Total turnover ratio 6.4 Higher ROE / / Accounts receivable turnover ratio 13.6 Higher Debt-asset ratio 59.2% Higher ROA / / Current ratio 1.2 Equal Operating margin 2.8% Higher Times Interest Earned / /