Cpl posts record yearly revenues of €455.2m
7th September 2017
Cpl Resources Plc, one of Ireland’s leading employment services group, has reported record revenues of €455.2m for the year to June 30th, 2017.
Gross profit has increased by 3% to €71.8m and profit before tax has increased by 3% to €15.8m. Earnings per share is 43.7 cent (2016: 43.9 cent) with a total dividend per share of 11.5 cent (2016: 11.0 cent).
The 2017 annual results highlight growth in overall profit as well as an expansion of the Cpl team, both in Ireland and internationally.
Anne Heraty (pictured), CEO, commented:
“We continued to grow our international footprint opening offices in Munich and Boston during the year. We now have over 40 offices in 10 countries. These offices provide Cpl clients with the international reach they need especially in resourcing local talent. We also made further strategic progress with the acquisition of RIG Healthcare Group. This is Cpl’s first entry to the locum doctor market and enhances the Company’s operating presence in the UK, following the acquisition of Clinical Professionals in September 2015.
“We will continue to invest wisely to capture opportunities for growth. Cpl has a strong balance sheet with net assets of €103.7 million generated over the 27 years of continuous profitability. Our balance sheet and strong cash flows give us the resources to invest in the growth and expansion of our business while also returning capital to shareholders.”
