Tuesday 16 July 2019

CPL Resources expects profit to be ahead of expectations

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Ellie Donnelly

Ellie Donnelly

Recruitment group CPL Resources expects its profit before tax for the full year to be "ahead of market expectations."

In a trading update, the group said it has performed well in the second half of its financial year, which ended on 30 June.

It added that its balance sheet and cash flow "remain strong."

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.

In the first half of its financial year (to 31 December 2018) the group reported double-digit growth in profits and earnings per share.

The company plans to announce full year results on 10 September.

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.

Online Editors

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