11th Jul 2019 12:37
(Alliance News) - Irish recruitment firm CPL Resources PLC said Thursday it expects pretax profit for its recently ended financial year to be ahead of market expectations.
CPL said that it performed well in the second half of its financial year to the end of June, with its balance sheet and cash flow remaining strong.
For the first half to the end of December, pretax profit saw a 23% increase to EUR11.0 million, on revenue that grew by 9% to EUR278.6 million.
Looking ahead said that current market conditions are favourable with high demand for talent and low unemployment rates in key markets.
However, CPL said it remains conscious of the potential impact of global political and economic events on its business.
CPL Resources will publish its full year results on September 10.
Shares in CPL Resources were untraded on Thursday, last quoted at 568.20 pence.
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CPS.L