CPL Resources reports 'another year of growth'
CPL Resources told investors it had witnessed "another year of growth" on Tuesday, with both revenues and profits moving ahead.
CPL Resources
995.00p
16:09 21/01/21
Support Services
10,523.75
17:09 25/04/24
In the year ended 30 June, CPL saw revenues increase 15% to €522.7m, gross profit rise 16% to €83.2m and pre-tax profits jump by 18% to €18.5m.
After returning €25m to shareholders by way of a fixed price tender offer, CPL closed out the year with a net cash balance of €24.2m, something it said demonstrated the "strong cash generating characteristics of the business".
Earnings per share grew from 43.3 euro cents to 56.6.
CPL turned in double-digit growth across all its key metrics, reflecting strong growth in its business sectors and markets and its continued work at growing the business, evolving its product offering and managing its cost base and margins.
Looking forward, chairman John Hennessy said: "Current market conditions are favourable with high demand for talent and low unemployment rates in our key markets. We expect that these factors, together with the efforts of our people, will allow us to deliver further growth in our business during the financial year to 30 June 2019."
As of 1225 BST, CPL shares had climbed 4.76% to 550p.