CPL Resources predicts Brexit will present both challenges and opportunities
CPL Resources released its previous half year results on 28th January 2016 for the six months to 31st December 2015. At that time, the group reported strong increases in revenues and profits in the group.
Since then the company states its revenues, gross profit and operating profit have continued to grow.
It says it is monitoring the effects of the recent Brexit vote in the U.K. and assessing its implications for its business. CPL Resources said, “Our initial assessment is that it presents both challenges and opportunities for us.”
CPL expect its profit before tax for the year to 30th June 2016 to be in line with market expectations. It states its balance sheet and cash flow remain strong.
The company plans to announce its full year results on 1st September 2016.