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Cpl announce positive half year results for 2018

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Cpl are delighted to announce double-digit growth in revenue, gross profit and earnings and returns of �25m to shareholders in the first half of financial year 2018.

Half Year Highlights

  • Revenues for the six months to 31 December 2017, which includes a full six months' trading contribution by RIG Healthcare Group ('RIG'), our recent UK acquisition, increased by 12% to �256.7 million.
  • '�Our gross profit increased by 12% against the same period last year to �40.5 million.
  • The Group's profit before tax was �9.0 million for the six months to 31 December 2017, an 11% increase on the same period last year.
  • Our net fee income that is made up of temporary fees has increased from 63% in the same period last year to 68%

Over the next few years we plan to further develop our business through the use of AI technology.

'We have invested significantly in our technology platform over the past few years and are delighted to be pioneering one of the first artificial intelligence tools in the recruitment sector. Cpl is committed to staying at the forefront of AI and machine learning technology in order to make the recruitment process faster and more efficient for the benefit of our candidates and clients.

We continue to grow and develop our people within the Group and on behalf of the Board I wish to express my gratitude for the continuing hard work and dedication of all of our people and for their commitment to the Group.'

- John Hennessy, Chairman

Read the full report