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Ireland — CPL expects profit to be in line with market expectations

09 July 2010

CPL Resources Plc. (DQ5:ISE), the Ireland-based staffing group expects profit for the year to 30 June 2010 to be broadly in line with market expectations.

The group says in a statement "the economic environment in the markets in which we operate has been very challenging for the last two years. We are now beginning to see signs of some limited improvement in those markets."

"However, employment in the Irish economy is still declining and sequential employment growth is not expected to resume until the second quarter of 2011."

"The immediate future therefore remains uncertain, but we are cautiously optimistic that a slow recovery has begun in the markets relevant to our business. We intend to continue to manage our business prudently and to invest in our people and technology so that we will be well placed to benefit from any upturn in the economic cycle."
In early trading CPL's shares were up by +1.96% to 2.60 Euro.



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