Irish recruitment firm Cpl Resources announced in a trading update that it expects its profit before tax to be ahead of market expectations as the company said it performed well in the second half of the year.

Following a first half that saw operating profit grow by 28% and pre-tax profits grow by 23%, the company said it had also performed well in the second half of the financial year which ended 30 June 2019, and as a result, profit before tax for the full year was expected to be ahead of market expectations. Cpl added that its balance sheet and cash flow remained 'strong.'

Looking ahead, CPL said current market conditions were favourable with high demand for talent and low unemployment rates in key markets, but added that it remained wary of the potential impact of political and economic events globally on its business.

“The current market conditions are favourable for the key markets,” the company stated. “However, we remain aware of our business.”
Full-year results were expected to be reported on 10 September 2019.