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Cpl delivers double digit earnings growth in the first half of financial year 2019

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Cpl are pleased to report that in the six months to 31 December 2018, the Group delivered continued growth in revenues, net fee income and profits, underpinned by strong growth in our Finance and Technology divisions.

Our revenue for the six months to 31 December 2018 increased by 9% to �278.6 million and our gross profit increased to �46.4 million, up 15% on the same period in 2017.

Financial highlights include:

  • 9% increase in revenues to �278.6 million
  • 15% increase in gross profit (net fee income) to �46.4 million
  • 23% increase in profit before tax of �11.0 million
  • 32% increase in earnings per share to 34.9 cent
  • Adjusted operating margin up 52 basis points to 4.16%
  • Net cash of �30.2m (2017: �12.4m)
  • 26% increase in interim dividend to 8.00 cent per share

Commenting on our strategy for the coming year Chairman John Hennessy stated:

'We believe deeply in the transformational effect of matching the right candidate to the right organisation. Our vision as we grow is to be the world's best at supporting transformation in our clients through total talent solutions and experiences.

We are focused on three strategic pillars to deliver growth for our shareholders - 'Future Ready', 'Client First' and 'Total Solutions'. We continue to be at the leading edge of the future of work and have recently opened ourFuture of Work Hubin Dublin, which focuses on co-creating new solutions with our clients.

We will continue to adopt a people-centred, strategic approach to how we deal with our clients ('the Cpl Way') and to design and deploy integrated solutions that will create transformational value, appropriate to the needs of our clients and our candidates.

This combined with our investment in technology and the support of our partners will provide us with a strong platform for future growth.'

Read the report in full here.