Profits fall at job services company

RECRUITMENT Group CPL Resources has suffered a massive reversal of fortunes with profits before tax for the year plunging from €20.7m to €1.7m, reflecting the huge fall in demand for workers in the stricken economy.

CPL Resources is the country’s leading employment services group and, despite the setback, has announced it will pay afinal dividend of 1.5 cent a share making a total payment of 3 cent for the year against 5 cent the previous year.

Chairman John Hennessy said the year to June 30, 2009, was “unprecedented” in many ways.