CPL forecasts profits of over €4m for 2010

RECRUITMENT firm CPL Resources is confident of generating pre-tax profits of over €4 million for its current financial year, after posting a 53% year-on-year rise in first half profits.

Yesterday, the Dublin-based ISEQ-listed firm reported a pre-tax profit of just under €2.4m for the six months to the end of December. In its last full financial year, the 12 months to the end of June 2009, CPL generated pre-tax profits of just €1.7m, although its 2008 profit amounted to a more healthy €20.7m.

The company was projecting a generally upbeat air yesterday, despite admitting that trading conditions within its market “remain difficult” and employment trends “continue to present challenges”.