26th Jan 2017 09:57
LONDON (Alliance News) - Irish employment services group CPL Resources PLC on Thursday reported lifts in revenue, earnings and profit during the first half of the year, as its interim dividend payment was increased by 10%.
CPL Resources reported revenue in the six months to the end of 2016 of EUR228.7 million compared to EUR216.4 million a year earlier, generating gross profit of EUR36.2 million versus a EUR34 million profit.
Operating profit in the half rose to EUR8.1 million from EUR7.6 million, with adjusted operating profit - which excludes one-off items - rising to EUR9 million from EUR8.5 million.
Pretax profit for the half increased to EUR8.1 million from EUR7.8 million, with adjusted pretax profit rising to EUR9 million from EUR8.5 million. Earnings per share rose to 23 cents from 21.2 cents.
The interim dividend will be 5.75 cents, 10% higher than the 5.25 cents paid a year earlier.
"Political and economic events globally during the period to 31 December 2016 have had limited impact on our key sectors, except for foreign exchange translations. During calendar year 2017 we expect the outcome of these events to become clearer, and consequent opportunities and challenges to present themselves," said Chairman John Hennessy.
"We remain confident in the outlook for the business and expect to deliver continued profitable growth for the remainder of the financial year," he added.
CPL shares were trading 0.6% higher at 467.67 pence per share on Thursday.
By Joshua Warner; [email protected]; @JoshAlliance
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