Employment services group CPL Resources has announced an 11% rise in pre-tax profit in the first half of its 2018 financial year.
The firm said its profits rose to €9m from €8m on the back of a 12% increase in revenue to €256.7m for the six months to the end of December.
Earnings per share rose by 15% to 26.4 cent and CPL announced a 10% increase in its interim dividend to bring it to 6.35 cent per share.
The company said it had invested significantly in its technology platform over the past few years and it is pioneering one of the first artificial intelligence tools in the recruitment sector.
"CPL is committed to staying at the forefront of AI and machine learning technology in order to make the recruitment process faster and more efficient for the benefit of our candidates and clients," its chairman John Hennessy said today in the company's results statements.
Mr Hennessy also said that as it moves into the second half of its financial year, CPL continues to closely monitor activity levels in all of its markets.
"We remain conscious of the impact of political, regulatory and economic events globally on our business. Positive momentum in the Irish and euro zone labour markets should position the group well for further growth across its key business sectors," he said.
"We remain confident in the outlook for the business and expect to deliver continued profitable growth for the remainder of the financial year," he added.
