CPL Resources says its pre-tax profits for the six months to the end of December rose by 33% to €3.9m from €2.37m the same time the previous year due to tight cost control.
The recruiter said that revenues increased by 22% to €111.9m from €91.4m the previous year despite the uncertain and highly competitive marketplace.
The CPL board is recommending an interim dividend of 2.5 cent per share.
The company said that permanent fees continued to improve in the six months to December and were 57% higher than the previous year and 22% higher than the six months to June.
CPL said that while companies are starting to recruit again, their decision making process is much longer than it used to be. It added that certain specialist areas showed the biggest pick-up in recruiting activity in the six-month period.
Revenues from its temporary business rose by 21% compared to the same time last year but CPL said it is still experiencing major price pressures in the area.
CPL Chairman John Hennessy said that the company's marketplace remains uncertain and highly competitive and it continues to experience pressure on its margins. He added that these challenges are being offset by growth in certain specialist areas.
'As a consequence, the group is unlikely to experience significant changes in profitability in the near term,' Mr Hennessy added.
