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Cpl Resources plc Results for the Full Year Ended 30 June 2012

Cpl Resources plc Results for the Full Year Ended 30 June 2012

Cpl Resources plc (the 'Group' or the 'Company'), Ireland's leading employment services group, today announced results for the year ended 30 June 2012.

Full Year Highlights

&middot Record revenues of &euro290 million, up 23% on last year

&middot 39% increase in operating profit to &euro10.0 million

&middot Earnings per share increased by 33.33% to 25.6 cent)

&middot Total dividend per share of 6.5 cent (2011: 5.0 cent)

&middot Return of &euro20 million to our shareholders

John Hennessy, Chairman commented:  "At the end of a challenging year, I am pleased to report that the Group has responded positively to difficult trading conditions, identified opportunities presented by the changed environments in the markets in which we operate, and has consequently been able to deliver growth and improved profitability across the business.

Cpl has a strong balance sheet, with net free funds at year-end of &euro28 million. These balances remain after payments to shareholders totalling &euro21.8 million during the year to 30 June 2012."

Anne Heraty CEO added: "The Cpl Group is dedicated to providing businesses and individuals with a high-quality, comprehensive and integrated service. Our clients value our commitment to flexibility and appreciate the talents and skills we offer them now more than ever. We are encouraged by the increase in demand for our services.

2012 was a year of significant progress for Cpl. Our revenue was the highest in the company's 22 year history and we have again demonstrated resilience in difficult market conditions. Our focus will continue to be on looking for opportunities in those sectors and geographies that are doing well, while continuing to monitor carefully our cost base."

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