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CPL says full-year profits on track

Recruitment market - CPL sees signs of improvement
Recruitment market - CPL sees signs of improvement

Recruitment group CPL has said its profits for the year to the end of the June will be broadly in line with market expectations.

CPL had announced a significant increase in profits for its first six months. In a trading update this morning, it said the second half of its financial year had been satisfactory.

CPL said the market for its services remained tough, with continuing pressure on margins, particularly in Ireland.

But it said there were some signs of improvement across its businesses, and that its overseas operations were performing well. 'We expect a further gradual improvement in market conditions in the coming months,' CPL said.