8th Sep 2020 14:15
CPL Resources PLC - Dublin-based human resources firm - Revenue rose 0.8% to EUR569 million for the year to the end of June compared to EUR564.9 million a year earlier, but pretax profit edged down to EUR24.5 million from EUR24.6 million year-on-year. Adjusted pretax profit, excluding non-cash charges relating to the company's incentive plan, was up 10% to GBP27.9 million from GBP25.5 million. CPL said operational efficiencies, proactive cost cuts, and a growing contribution from managed solutions division Covalen delivered a 44 basis point increase in adjusted operating margin to 5.0%. "Whilst early in the financial year we are pleased with the trading performance to date which is in line with our expectations," says Chair John Hennessy.
Current stock price: 664.56 pence
Year-to-date change: up 2.2%
By Evelina Grecenko; [email protected]
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