CPL to return €20m to shareholders

RECRUITMENT firm CPL Resources plans to return as much as €20 million to shareholders in the form of a tender offer.

The company yesterday reported a 54% increase in its pre-tax profits to €8.1 million for the year ending June 30. It said revenues for the year were up 24% to €235m, while operating profit jumped 81% to €7.2m.

CPL chairman John Hennessy said the company had concentrated its efforts on meeting the “changing needs of companies and candidates, while managing its own cost base”.