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More Growth For Cpl Resources Plc

More Growth For Cpl Resources Plc

Results for the Full Year Ended 30 June 2013

Cpl Resources Plc ('Cpl', the 'Group' or the 'Company'), Ireland's leading employment services group, has announced results for the year ended 30 June 2013. 

Full Year Highlights: 

-           Revenue increase to &euro330.8 million, up 14% on last year 

-           17% increase in Operating Profit to &euro11.7 million

-           Profit Before Tax up 26% to &euro12.3 million

-           Earnings per share increased to 35.0 cent from 25.6 cent

-           Total dividend per share of 8.5 cent (2012: 6.5 cent) 

John Hennessy, Chairman commented: "I am pleased to report that the year ended 30 June 2013 has been one of further profitable growth for Cpl. Profit before tax increased by 26% to &euro12.3 million, on revenues that are 14% higher than last year.  This performance reflects increasing demand for our services and the continued hard work, dedication, talent and efficiency of our team.  Our results for the year reflect growth across all our major business areas and locations, and this has been achieved in challenging and highly competitive markets and in the face of continuing economic uncertainty. 

There are some signs of economic recovery in certain markets in which we operate.  It is too early to predict whether these signs indicate a sustained recovery.  However, we do expect to achieve further profitable growth in the months ahead."

Anne Heraty CEO added: "Cpl made solid progress in the year to June 2013. We finished the year with 8,223 people working on behalf of Cpl on client projects. Demand for our services particularly in Technology, Healthcare and Finance continued to improve during the year. We increased our permanent placement business by 16%. In addition, we expanded our international footprint and established a successful new training businesss, Cpl Learning and Development"


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