Business Irish

Sunday 18 March 2018

CPL Resources posts 31pc year-on-year pre-tax profit rise

John Mulligan

John Mulligan

IRISH recruitment firm CPL Resources has posted a pre-tax profit of €5.9m for the six month period to the end of December – a 31pc year-on-year increase.

The company, whose chief executive is Anne Heraty, said that revenue in the period climbed 13pc to €161.7m.

“Although our principal markets remain difficult, many employers in these markets continue to experience mismatches between the skills they need and those that are available,” said CPL chairman John Hennessy.

“There is a general oversupply of people available for work, but at the same time there is an undersupply of specific skills that are in demand,” he added.

Davy Stockbrokers analyst Joshua Goldman said this morning that he had expected CPL’s first half results to be helped by new customer wins. But he said he’s “more conservative” for CPL’s second financial half given current market conditions.

Shares in CPL were up 1.4pc in Dublin earlier today. They’ve risen more than 70pc in the past year.

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