CPL shares begin revival

Shares in leading Irish recruiter CPL Resources yesterday clawed back around half of the losses seen since June’s Brexit vote, on the back of the group posting record annual revenues.

The Dublin-based firm reported annual revenues of €433.4m for the 12 months to the end of June, up 10% on the previous year, with adjusted pre-tax profits 22% ahead at just under €17.4m and earnings per share up by 9% at 43.9c.

Despite noting a “challenging and highly competitive environment”, CPL’s chairman John Hennessy said “employment trends and economic indicators are broadly positive in our principal markets, and we expect to continue to grow profitably in the months ahead.”