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But IT recruitment arm Candle claims that despite parent Clarius' woes, it's still making budget although the last quarter has been quiet for permanent hiring.
Clarius is the umbrella brand for five separate recruitment or contractor management businesses. Although Linda Trevor, Candle's executive general manager, could not say exactly what proportion of revenues and profits Candle accounted for she said it was the biggest brand in the Clarius stable.
Ms Trevor said that the Candle brand was doing well and meeting its budgets. Although permanent hiring had gone off the boil in the last three months, she claimed the IT contracting business was going quite well - which was often the case when permanent slowed she said.
In a statement to the ASX Clarius managing director and Candle founder, Geoff Moles, said trading conditions continued to be challenging and had deteriorated further in the last quarter. The contracting business across the company which represents about 70 per cent of the company's gross margin had grown slightly.
However the company's statement noted; 'The permanent recruitment business has suffered significantly due to economic conditions and diminished hiring intentions.'
