CPL pretax profits up 17 per cent

Pretax profits at recruitment firm CPL Resources grew by 17 per cent in the first half of the year to €7million on the back of increasing demand for its services.

Revenues rose 14 per cent to €184.3 million over the six month period, while operating profit was up 18 per cent to €6.9 million.

The company said earnings per share were up 17 per cent to 19.8 cent. There was also a 19 per cent increase in interim dividend per share to 4.75 cent.

"This performance reflects strong growth across all metrics, increasing demand for our services and the continued hard work, dedication, talent and efficiency of our team," said CPL chairman John Hennessy.

He said the company saw opportunities for further growth but still faced challenges in many markets due to economic uncertainty and competitive pressures.

Our strong financial position provides use with the resources to capitalise on growth opportunities as they arise. We expect further profitable growth in the second half of our financial year,” Mr Hennessy said.