Profits grow at recruitment firm

An increase in the number of companies hiring permanent staff helped to boost profits at CPL Resources by nearly 20% in its latest financial year.

The Dublin-based recruitment group — which is active in Ireland and eight other countries — yesterday reported a pre-tax profit of €14.4 million for the 12 months to the end of June; representing a 17% year-on-year increase.

Operating profit was up by 21% to €14.2m; basic earnings per share rose by 16% to 40.7c and group revenues increased by 12% to €369.3m.