Sunday 22 April 2018

CPL post 12pc increase in revenue of €216m in first half of the year

CPL chief executive Anne Heraty
CPL chief executive Anne Heraty
Michael Cogley

Michael Cogley

CPL Resources, a global provider of recruitment and staffing services, has posted a 12pc increase in revenue in the first six months of its financial year.

In an interim trading update released to shareholders this morning, CPL posted revenue of €216.4m as well as a 20pc increase in its gross profit, bringing it up to €34m.

Meanwhile operating profits in the firm grew by 39pc when compared with the same period last year, up to €8.4m.

Speaking in the trading update this morning, CPL chairman, John Henneessy said that the firm remains confident for the rest of its financial year.

"In the six month period to 31 December 2015 we have seen continued organic growth across key business sectors. The acquisition of Clinical Professionals was completed in the period and performance from this business has been in line with expectations.

"While the pace of growth in many markets remains somewhat uncertain, we remain confident in the outlook for the business and expect to deliver continued profitable growth for the remainder of the financial year," Mr Hennessy said.

Earnings per share in CPL grew by 23pc up to 21.2 cent while the firm's dividend per share rose by 11pc, up to 5.25 cent.

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