RECRUITMENT group CPL Resources, which has offices in Belfast and Derry, has reported higher half yearly profits and revenues and said it remains confident it will deliver continued profitable growth for the rest of the year.
The company - which has 37 offices across 10 countries and recently created 15 new jobs in Northern Ireland - experienced further improvements in trading conditions in certain market areas.
Revenues for the six months to December 31 increased by 6 per cent to €228.7 million (£193.9m) while gross profit increased by 6 per cent to €36.2m (£30.7m).
The group's adjusted operating profit, which excludes non-cash foreign exchange charges, was €9m (£7.6m), also up 6 per cent on the same period the previous year
Cpl, which employs 700 people in recruitment, 2,000 in managed services and 10,000 on client sites across its global business, has opened new Belfast offices to accommodate its growing local team and launched a new graduate recruitment programme for Northern Ireland early this month.
The group's chief executive Áine Brolly said: “In the six months to December we've delivered continued growth in revenues, net fee income and profits.
"The strength of our balance sheet reflects the positive cash-generating capability of Cpl and we remain confident in the outlook for the business and expect to deliver continued profitable growth for the remainder of the financial year.
"We continue to develop our business and have launched a targeted recruitment drive which reflects the considerable opportunities that we believe exist within the local economy.”
Ms Brolly added: “In Northern Ireland we have restructured and reshaped the business to support expansion in the market through our strategy of rapid growth including the potential for the acquisition of locally based recruitment companies.
"Our team has doubled over the last year and we have launched a new graduate programme creating 10 new associate consultant roles with an additional five senior roles being developed this year to support our ambitious plans for growth."
