Employment services group CPL Resources has reported a 49% increase in pre-tax profits to €2.6m for the year ending June 2004. The group's turnover increased by 41% to €73.9m.
Fully diluted earnings per share were 5.9 cent, up 55% from 3.8 cent in 2003. A final dividend of 0.6 cent per share in proposed, bringing the total dividend for the year to one cent per share.
During the year, CPL said it provided long or short term work assignments to over 10,000 people and placed 1,750 people in permanent employment. The company worked with over 1,500 clients, ranging from large multinationals to mid-sized and small companies.
'We had a strong second half to June 2004 and that momentum has continued into the current year,' commented CPL's Chief Executive Anne Heraty.
'We have made investments in people, infrastructure and back office technology. As a result we believe we are well positioned to take advantage of the improved economic conditions,' she said.
A statement from the company said it is looking forward with confidence to another challenging year.
CPL shares closed up 5 at €5.90 in Dublin this evening.
