28th Jan 2016 09:27
LONDON (Alliance News) - Irish recruiter CPL Resources PLC on Thursday said its pretax profit and revenue both grew in the first half, as net fee income rose amid an improving picture in the Irish economy.
CPL said its pretax profit for the half to the end of December was EUR7.6 million, up from EUR6.1 million a year earlier, with revenue rising to EUR216.4 million from EUR193.2 million and its net fee income for the half up to EUR34.0 million from EUR28.2 million.
The revenue growth was helped by four months' of contribution from Clinical Professional, the UK-based recruiter CPL acquired in 2015, but also by the continued recovery in the Irish market. Still, CPL said it continued to face challenges from skills shortages in certain sector and from margin pressures in temporary recruitment, which remains a very competitive sector.
The company hiked its interim dividend to 5.25 euro cents from 4.75 cents a year earlier.
CPL said it has continued to see good organic growth in January and said trading has been in line with its expectations. It maintained its outlook for the year to the end of June, though it said the pace of growth in its markets remains uncertain.
Shares in CPL were untraded on Thursday, having last traded at 460.74 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
CPS.L