Recruitment group CPL Resources has reported higher revenues and profits for the year to the end of June  on the back of strong growth across all its business sectors and markets.

Revenues for the year rose by 8% to €564.9m, while pre-tax profits increased by 33% to €24.6m from €18.5m the same time last year.

The company's shares closed almost 7% higher in Dublin trade today.

CPL's board has recommended a final dividend of 11 cent per share, which brings the total dividend for the year to 19 cent per share. 

The company delivers a range of services through two operating segments - flexible workforce solutions and permanent recruitment.

It noted that as the world of work evolves and both employee and employer expectations change, the demand for flexible workforce solutions continues to strengthen. 

Net fee income at its Flexible Talent division rose by 21% to €68.5m, while the division's gross margin increased to 12.8% from 11.5% the previous year.

The company said it finished the year with 12,493 people working on client engagements on behalf of CPL.

Meanwhile, net fee income at it Permanent division grew by by 6% to €27.8m for the year. 

CPL said that divisions such as technology, pharma and financial services performed particularly well during the year, where demand for skilled talent is at a premium. 

CPL's chief executive Anne Heraty said that trading in the current year has started well and the company is positive about the sectors in which it operates.

"We are mindful of the potential macro-economic challenges driven by Brexit and the potential for changes to levels of investment and employment within our client base.

"Should conditions change, we are prepared, we have flexibility in our cost base and we can moderate our growth plans," the CEO added.

"Our goal for 2020 is to produce another year of growth in revenue and profitability, we are encouraged by our pipeline and the opportunities for growth that we have identified," Ms Heraty stated.

The company's chairman John Hennessy said that as long as the terms of the UK's planned departure from the EU remain unclear Brexit will continue to give rise to uncertainty for businesses in all sectors, including CPL. 

"We will continue to monitor developments closely and assess and respond to their implications for our business," he added.

"Aside from the risks posed by Brexit uncertainty, economic indicators in our most important markets are broadly positive, and we expect to achieve further profitable growth in the months ahead," the chairman added.