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.
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.”