CPL on target for predicted profits

CPL RESOURCES – the Dublin-headquartered international recruitment agency – has maintained profitability in the year, against what it has called “a difficult operational backdrop” and expects full-year profits to meet expectations.

The company, which made a pre-tax profit of €2.4 million for the half year to the end of last December, has previously stated that it was confident of generating pre-tax profits of between €4.5m and €5m for the full year.

Goodbody Stockbrokers recently forecast a 2010 pre-tax profit of €4.3m for CPL – for the 12 months to the end of June, while NCB Stockbrokers has forecast €5m. Either of these outcomes would be comfortably up on the €680,000 post-goodwill impairment figure generated in the previous year, but still well below the highs of 2008 when the company recorded profits of nearly €21m.