Trading Statement

23 October 2012

Cpl Resources plc 

Trading Update

Cpl Resources plc ('Cpl' or the 'Group'), Ireland's leading employment services group, held its Annual General Meeting ('AGM') in Dublin on 22 October 2012.

Subsequent to the AGM, the Chairman Mr John Hennessy made the following statement:

"On 6 September 2012 we announced our results for the year ended 30 June 2012. We reported the highest revenue figure in the Group's 22 year history, a 39% increase in operating profit over the prior year, and a 33% increase in earnings per share. The Group also reported good cash flows and a strong balance sheet.

At our AGM on 22 October 2012 shareholders approved a final dividend of 3.5 cent per share, bringing the total dividend for the year to 6.5 cent per share, a 30% increase on 2011.

When we announced our 2012 results I indicated that we expected to deliver some further profitable growth in the months ahead. Although economic conditions in our principal markets remain challenging, we expect that the continued commitment of all of our people to delivering excellent and innovative service to our clients and candidates, combined with careful cost control, will allow us to report some further growth in profits for the six months to 31 December 2012."

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