CPL Resources PLC Trading Update (3278N)
October 24 2016 - 12:00PM
UK Regulatory
TIDMCPS
RNS Number : 3278N
CPL Resources PLC
24 October 2016
24 October 2016
Cpl Resources plc
Trading Update
Cpl Resources plc ('Cpl' or the 'Group'), Ireland's leading
employment services group, held its Annual General Meeting ('AGM')
in Dublin on 24 October 2016.
At the AGM, the Chairman Mr John Hennessy made the following
statement:
"On 1 September 2016 we announced a strong set of results for
the year ended 30 June 2016. The Group reported a 23% increase in
adjusted operating profit to EUR17.4 million, record revenues of
EUR433.4 million and an earnings per share of 43.9 cent. The Group
has a strong balance sheet, with more than EUR33 million in net
cash at the year end.
At our AGM today the shareholders approved a final dividend of
5.75 cent per share, bringing the total dividend for the year to
11.0 cent per share, an increase of 13%.
The Group has had a solid start to the new financial year with
net fees continuing to show organic growth. Economic indicators
today remain positive and we expect to perform in line with market
expectations in the months ahead.
We continue to grow our business organically and we plan to open
new offices during this financial year in Munich and Boston. We
continue to explore some potential strategic partnerships and
acquisitions in our key sectors and markets.
The effects of Brexit still remain unclear and our position
remains that there will be challenges and opportunities for
Cpl".
-End-
For Further Information:
Anne Heraty, CEO, CPL Resources Plc: +353 1 614 6000
Mark Buckley, CFO, CPL Resources Plc: +353 1 614 6000
Ivan Murphy/ Daragh O'Reilly, Davy Corporate Finance: +353 1 679
6363
This information is provided by RNS
The company news service from the London Stock Exchange
END
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