Business News

CLP Resources report strong results for the second half of 2013

By Business & Finance
30 January 2014

Cpl Resources, one of Ireland’s largest recruitment groups, today announced results for the half year ending December 31st 2013.

The company, which provides recruitment services to local customers and multinationals through a network of 32 offices in Ireland, the UK, Canada, Czech Republic, Hungary, Poland, Slovakia, Spain and Tunisia,
reported a 14% increase in revenue to €184.3mn and an 18% increase in operating profit to €6.9mn for the period.

In a statement released this morning, the company also reported  a 17% increase in profit before tax to €7mn and a 17% increase in earnings per share to 19.8 cent.

Chairman of CPL Resources, John Hennessy, commented: “I am pleased to report that the half year ended December 31st 2013 has been one of strong operating performance, with increased revenues and profitable growth for Cpl. Profit before tax increased by 17% to €7.0m for the six months, on revenues that are 14% higher compared to six months last year. This performance reflects strong growth across all metrics, increasing demand for our services and the continued hard work, dedication, talent and efficiency of our team.”

He added: “Recent months have seen some indicators in our principal markets move tentatively into positive territory.  We see opportunities for growth but we still face challenges in many markets arising from economic uncertainty and competitive pressures. Our strong financial position provides use with the resources to capitalise on growth opportunities as they arise. We expect further profitable growth in the second half of our financial year.”