Economic boom spells profits surge for recruiter Cpl

Recruitment company Cpl Resources has announced an 83% surge in profits to €10.6m for the 12 months to June this year, up from €5.8m the year before.

CPL boss Anne Heraty said: "We are delighted with the performance of the group. Our growth in sales of 41% … follows a similar increase in sales in the previous year."

Ms Heraty added recruiter numbers increased from 163 in June 2005 to 188 in June 2006.

Earnings per share were 25.1c in the year, compared with 13.9c for the year to June 2005.

The company today credited the still-booming economy for its profits hike.

"As we noted in our 2005 annual report, the group’s ability to generate growth and profits is linked closely to the performance of the Irish economy, and we have benefited from growth in most of the sectors in which we operate," the company said in a statement to the stock exchange.

Cpl is a specialist provider of recruitment and employment services, operating through specialist brands in a range of business sectors, including technology, accounting and finance, healthcare, pharmaceutical, sales, engineering, light industrial, and office administration.