Recruitment company CPL Resources today announced pretax profits of €19.3 million for the year ending June 2007.
That is an 82 per cent increase on the previous 12 months and the third consecutive year the company has delivered profit before tax growth of over 80 per cent, chief executive Anne Heraty said.
Sales rose by 32 per cent to €195.5 million, while the company's net fee income rose 53 per cent to €43 million. Earnings per share rose 80 per cent to 45.1 cent.
CPL, which has made a number of recent acquisitions, observed that the employment environment in Ireland continues to be favourable with unemployment remaining low at just over 4 per cent.
However, it noted that recent labour market data seems to indicate that employment growth has begun to moderate, with forecasts suggesting a 3 per cent growth in 2007.
This is expected to fall to 1 per cent in 2008, with most of this deceleration resulting from job losses in the construction industry, it said.