CPL Resources has said it expect its profit before tax for the year to June to be in line with market expectations as its balance sheet and cash flow remain strong.

In a trading update, the recruitment firm said the business continues to perform well.

"Our results for the year to June 2018 will reflect growth in revenues and profits on the prior year and strong cash generation," the company said. 

It said that current market conditions are favourable with high demand for talent and low unemployment rates in key markets. 

However CPL said it remains conscious of the impact of political, regulatory and economic events globally on its business.

The company also said today that its chief financial officer Lorna Conn has been appointed to CPL's board with immediate effect.

Shares in the company moved higher in Dublin trade today.