Recruiter CPL aims to beat profit expectations
Recruitment group CPL Resources expects its profit before tax for the year to come in "ahead of market expectations".
In a trading update, the group said it had performed well in the second half of its financial year, which ended on June 30. It added that its balance sheet and cash flow "remain strong".
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CPL pointed to current market conditions as being "favourable", with high demand for talent and low unemployment rates in key markets.
"However, we remain conscious of the potential impact of political and economic events globally on our business," it added.
Gerry Hennigan, analyst at Goodbody Stockbrokers, said he expects the company's profit before tax for the year to be around €22.1m, which implies year-on-year growth of 19pc. In the first half of its financial year (to December 31, 2018), the group reported double-digit growth in profits, up 23pc to €11m.
The company plans to announce full-year results on September 10.
Last summer, the group hit the headlines when a Channel 4 Dispatches documentary showed members of its staff who were working with Facebook being instructed not to remove extreme, abusive or graphic content from the social media giant's website - even though the material breached guidelines.
There has been no sign in the results and trading updates of an impact on the business as a consequence of the documentary.