Continued growth in revenues and profits at Cpl Resources

Finance | Thu 26 Jan | Author – Business & Finance
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Global provider of recruitment, staffing and outsourcing services Cpl Resources has announced increases in both revenue and gross profit for the six months ending December 2016.

During the six-month period, revenues increased by 6% to €228.7m, while gross profit also increased by 6% against the same period last year to €36.2m.

The Group delivered a 9% increase in earnings per share to 23 cent for the same period.

Anne Heraty CPL

Anne Heraty

The proportion of net fee income that is made up of permanent fees has reduced from 40% to 37% as a result of longer lead times in appointing nursing staff in the UK following regulatory changes.

The Group had a cash balance of €35.2m as at December 31st 2016, up from €27.6m in December 2015, and the board proposes to pay an interim dividend of 5.75 cent per share – an increase of 10% on last year – reflecting the Group’s strong performance in the period.

Looking into 2017, CEO Anne Heraty commented: “We remain confident in the outlook for the business and expect to deliver continued profitable growth for the remainder of the financial year.”