Pre-tax profit at Ireland’s largest recruitment company CPL rose by 22% to €17.4m in the financial year to the end of June, despite what the firm described as a challenging and highly competitive environment.
Revenue was €39.7m higher than the previous financial year at €433.4m, in what CPL said was a record year for the company.
Gross profit also rose – jumping 19% to €70.1m, while earnings per share of 43.9 cent for the 12 months to June was seven cent higher when compared with the previous financial year.
CPL Chairman John Hennessy said the most recent financial year was one of growth for the company.
He added: “These results have been achieved in a challenging and highly competitive environment and reflect the outstanding service delivered to our clients by all of our people.
“Employment trends and economic indicators are broadly positive in our principal markets, and we expect to continue to grow profitably in the months ahead,” Mr Hennessy concluded.
Meanwhile, the firm’s CEO Anne Heraty said the results represented a “record year”.
She said: “The investments we made over the past 18 months in people, in technology and in our talent innovation hub are paying off.”
Ms Heraty added she was “particularly pleased that we ended the year with in excess of 12,000 people working with or on behalf of Cpl, an increase of over 1,700 in the year”.
