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CPS Cpl Resources Plc

995.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Cpl Resources Plc CPS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 995.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
995.00
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Cpl Resources CPS Dividends History

No dividends issued between 19 Apr 2014 and 19 Apr 2024

Top Dividend Posts

Top Posts
Posted at 09/9/2013 12:20 by sammy_smith
AUDIO WEBCAST: CPL Resources CPS - Final results

Click the link below to listen
Posted at 07/2/2013 10:07 by liarspoker
CPL cover in The Phoenix magazine today.

For two profitable, debt free, dividend paying companies trading at less than cash look here (and win an investment book of your choice ):
Posted at 09/9/2010 09:10 by evaluate
Clyde Process Solutions has nothing to do with this CPS.

It's a recruitment company.
Posted at 17/9/2008 17:20 by fr4dge
Results out for year. A little better than I expected.

PE is less than 5.

Excellent company. I expect them to manage the downturn much better than most in the sector.

I think I'll lock them away & look at them again in a couple of years.


Financial Highlights

* Sales EUR257.6 m (2007: EUR195.5 m)
* Net Fee Income EUR52.5 m (2007: EUR43 m)
* Profit before tax EUR20.7m (2007: EUR19.3 m)
* Earning per share 48.3 cent (2007: 45 cent)
* Conversion ratio 39.4% (2007: 44.8%)
* Net Cash EUR37.5m (2007: EUR29.6 million)
* Dividend 5.0 cent per share (2007: 4 cent)


John Hennessy Chairman of the Group said

"It has been a year of two very different halves. In January we reported profit before tax
for the six months to 31 December 2007 of
EUR11.7 million, up 45%. The Group has been operating in a changing and more difficult
environment, reflecting a significant decline in
employment growth in Ireland and an increase in the numbers on the live register. The Profit
before tax for the year of EUR20.7 million is
7.1% higher than last year"

The strength of CPL's Balance sheet is demonstrated by the reported net cash balances of
EUR37.5 million at 30 June 2008. Our debtor
days remain at 35, similar to last year, and we remain focused on ensuring that cash is
collected from debtors as quickly as possible. As a
result, we have not experienced any significant increase in the levels of bad or doubtful
debts.

The year to 30 June 2009 will be a challenging one for the Group, but we are well
positioned and resourced to take advantage of any
opportunities that may emerge to add to our business, through organic growth or acquisition,
in specific markets and sectors."
Posted at 28/1/2008 10:28 by fr4dge
What have these guys got to do?

PER of less than 7.

Growing turnover & profit at over 40% for the 6th year in sucession.

Big jump in the interim dividend.

Not really clear what else they can do?
Posted at 25/1/2008 08:52 by fr4dge
More stellar results from CPS.

Everything is up by 40% plus. Revenues, profits, etc.

If you take the last 12 months' figurs, then they are currently on a PER of under 7
Posted at 11/9/2007 11:58 by fr4dge
Anybody able to name 1 othe company that has grown revenues by a compound 50% per year over 5 years & EPS by a compound 75%?

This is pretty amazing performance.

Worthy of a much higher rating than CPS is currently enjoying IMHO.
Posted at 11/9/2007 09:28 by fr4dge
CPL have only gone & done it again.

Financial Highlights are as follows - awesome again:

* Sales Euro195.5 m up 32% (2006: Euro148 m)
* Net Fee Income Euro43 m up 53% (2006: Euro28.2 m)
* Profit before tax Euro19.3m up 82 % (2006: Euro10.6 m)
* Earning per share 45.1 cent up 80% (2006: 25.1 cent)
* Conversion ratio 44.7% (2006: 37.5%)
* Cash Euro29.7m (2006: Euro21.3 million)
* Dividend 4.0 cent per share (2006: 2.9 cent)

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

"Just five years ago, the Cpl group operated principally in one business sector - the IT industry - and exclusively in the Irish market. Our turnover in the year to 30 June 2002 was less than Euro23 million and our earnings per share amounted to 2.7 cent. The corresponding figures for 2007 represent compound growth over 5years of more than 50% per annum in turnover and more than 75% per annum in earnings per share. The sustained strength of the Irish economy has undoubtedly contributed significantly to this outstanding performance. However, the quality and commitment of our people, the loyalty of our customers and a successful strategy for organic growth, business development, diversification and acquisition have been the principal drivers of Cpl's success."


What a great business. Share price should leap again from here.
Posted at 25/1/2007 09:50 by primrose 100
This is about the 5th time that my initial headline has been accurate.

CPL come out with stellar rerults after stellar results after stellar results.

This time, we have

- PBT up 75% (after an incrase of 86% last year)
- EPS up 78%
- revenue up 42% (all organic)

See for yourself below.


CPL RESOURCES PLC

Interim Statement for the Six Month Period to 31 December 2006


CPL resources plc today (Thursday 25 January December 2007) released its interim
statement for the six month period to 31 December 2006. Key highlights include:


Profitability and shareholder value

• Profit before tax of €8 million, up 75%
• Record earnings per share of 18.9 cent, an increase of 78%
• Interim dividend proposed of 1.75 cent


Operational performance

• Revenue of €94 million for the 6 months, representing growth of 42% year
on year
• Gross profit of €19.9 million, up 51% from €13 million in the period to
December 2005
• Cash balances of €26.2 million at 30 December 2006 (€21.3 million at 30
June 2006)
• Improved conversion ratio of 40.6%


It is a pleasure to report record interim results for Cpl Resources plc in the
period to 31 December 2006. CPL achieved another period of excellent growth
across all its businesses, increasing total revenues by 42% to €94 million. With
income outpacing costs, pre-tax profits rose by 75% to more than €8 million. Our
growth, which was entirely organic in the period, is particularly pleasing as it
follows a 86% increase in profit before tax in the previous year.

Our clients are operating in a vibrant economy where, in many sectors, demand
for skills continues to exceed supply. As the leading provider of employment
services to the Irish market we are confident that we can continue to grow our
business by anticipating and meeting the changing needs of employers and skilled
people across the spectrum of business areas in which we operate. We are also
alive to growth opportunities presented by potential acquisition targets in
Ireland and elsewhere.



Results Overview

Six months to Six months to % change
31 December 2006 31 December 2005
€000's €000's

Revenue 94,181 66,333 42%
Gross profit 19,859 13,127 51%
Profit before tax 8,059 4,605 75%
EPS 18.9 cent 10.6 cent 78%


Net fee income in our permanent placement business increased by 46% over the
prior year, with all divisions performing well. This performance has been
helped by increased demand for IT, telecoms and finance professionals. Our
contractor and temporary fees have increased by 57%, reflecting growth in the
demand for non-permanent staff in all areas, including office management and
administration, customer service, engineering, healthcare and manufacturing
operations, and for temporary staff in the pharmaceutical, biotechnology,
clinical research and medical device industries. Newer areas of our business
also performed well in the period. These included Cpl Managed Services, which
manages selected business processes (including call centres, administrative
services and recruitment solutions) on behalf of clients.

The Group continued to focus on cost control and efficiencies during the period.
A 51% increase in gross profit was translated to a 75% increase in profit before
tax demonstrating the Group's operating leverage. The conversion ratio of gross
profit to net profit before tax was 40.6% in the six months to December 2006
compared with 35% in the same period last year.

The Group had cash balances of €26.2 million at 31 December 2006.
Notwithstanding the working capital demands associated with strong growth in
business activity, this figure is €5 million higher than the corresponding
balance at 30 June 2006.

The Board is recommending an interim dividend of 1.75 cent per share. The
dividend will be payable on 2 March 2007 to shareholders on the company's
register at the close of business on the record date of 2 February 2007.



Group income statement
for the half year ended 31 December 2006 Half Year ended Half Year ended Year ended
31-Dec-2006 31-Dec-2005 30-Jun-2006
€'000 €'000 €'000
( Unaudited) ( Unaudited) ( Audited)


Revenue 94,181 66,333 148,065
Cost of sales (74,322) (53,206) (119,898)

Gross profit 19,859 13,127 28,167
Distribution expenses (1,174) (818) (1,725)
Administrative expenses (10,959) (7,774) (16,111)

Operating profit 7,726 4,535 10,331
Financial income 342 77 255
Financial expenses (9) (7) (20)

Profit before tax 8,059 4,605 10,566
Income tax expense (1,048) (691) (1,278)

Profit for the financial period 7,011 3,914 9,288

Basic earnings per share 18.9 cent 10.6 cent 25.1 cent

Fully diluted earnings per share 18.9 cent 10.4 cent 24.9 cent




Group Balance Sheet
At 31 December 2006

31-Dec-2006 31-Dec-2005 30-Jun-2006
€'000 €'000 €'000
(Unaudited) (Unaudited) (Audited)
Assets
Non-current assets
Property, plant and equipment 1,435 973 1,144
Goodwill 6,431 5,622 6,265
Intangible assets 228 189 253
Deferred tax asset 42 42
-
Total non-current assets 8,136 6,784 7,704

Current assets
Trade and other receivables 21,563 18,673 17,025
Cash and cash equivalents 26,247 11,185 21,292
Corporation tax refundable - - 81
Total current assets 47,810 29,858 38,398

Total assets 55,946 36,642 46,102

Equity
Issued capital 3,731 3,688 3,714
Share premium 1,686 1,671 1,686
Other reserves (3,300) (3,300) (3,300)
Retained earnings 32,976 21,597 26,522
Total equity 35,093 23,656 28,622

Liabilities
Non-current liabilities
Financial liabilities 317 367 317
Provisions 177 - 177
Total non-current liabilities 494 367 494

Current liabilities
Financial liabilities 35 16 79
Trade and other payables 19,085 11,863 16,688
Corporation tax payable 1,020 589 -
Provisions 219 151 219
Total current liabilities 20,359 12,619 16,986

Total liabilities 20,853 12,986 17,480

Total equity and liabilities 55,946 36,642 46,102




Group statement of cash flow Half Year ended Half Year ended Year ended
for the period ended 31 December 2006 31-Dec-2006 31-Dec-2005 30-Jun-2006
€'000 €'000 €'000
( Unaudited) ( Unaudited) ( Audited)
Cash flows from operating activities
Profit for the financial period 7,011 3,914 9,288
Adjustments for:
Depreciation on property, plant and equipment 135 140 223
Amortisation of intangible assets 25 20 54
Financial income (342) (77) (255)
Financial expense 9 7 20
Income tax expense 1,048 691 1,278
Operating profit before changes in working
capital and provisions 7,886 4,695 10,608

Movement in trade and other receivables (4,538) (5,301) (3,620)
Movement in trade and other payables and 2,397 971 5,715
provisions
Cash generated from operations 5,745 365 12,703
(9) (7) (20)

Interest paid
Income tax refund / ( paid) 53 (187) (1,493)
Interest received 342 77 255
Net cash from operating activities 6,131 248 11,445


Cash flows from investing activities
Acquisition of subsidiary, net of cash (166) (194)
acquired -
Deferred consideration paid (234)
- (79)

Purchase of property, plant and equipment (426) (322) (550)
Purchase of intangible assets (22) (140)
-

Net cash (outflow) from investing activities (592) (423) (1,118)


Cash flows from financing activities
Repayment of borrowings (27) (23) (30)
Proceeds from new loan - 90 93

Dividends paid (557) (368) (817)
Proceeds from issue of share capital 17 41
-
Net cash (outflow) from investing activities (567) (301) (713)

4,972 (476) 9,614

Change in cash and cash equivalents
Cash and cash equivalents at beginning of 21,275 11,661 11,661
period
Cash and cash equivalents at end of period 26,247 11,185 21,275
Posted at 24/1/2006 09:06 by primrose 100
Results are out.

Fantastic results again!

Profits up by 79%.

Current year has started well.

All still rosy!



CPL RESOURCES PLC


Chairman's 2006 Interim Statement

For the six months to December 2005



The Board of Directors of CPL Resources plc is pleased to announce an excellent
financial and operational performance for the six months to 31 December 2005.
Financial highlights for the period include:

* Earnings per share of 10.6 cent, compared with an earnings per share of
6.0 cent for the six months to December 2004

* Profit before tax of Euro4.6 million, an increase of 79% over the
corresponding period in the preceding year

* Revenue of Euro66.3 million, representing growth of 34% year on year

* Gross profit of Euro13.1 million, up 41% from Euro9.3 million in the half year
to December 2004

CPL has had an excellent first half, achieving growth in profit before tax of
79% year-on-year. Our gross profit, which represents our net fee income, was
Euro13.1 million for the six months, an increase of 41% on the same period last
year. This performance demonstrates the Group's ability to achieve increased
earnings through market share gains, rigorous cost control and organic growth.
It also reflects a strong performance in each of our principal business areas,
being the placement of contract, temporary and permanent employees with clients,
and in all business sectors.

Net fee income in our permanent placement business has increased by 50% over the
corresponding period last year, with all divisions performing well. This
performance has been helped by increased demand for IT, Telecoms and Finance
professionals. Our contractor and temporary fees have increased by 33%,
reflecting growth in the demand for non-permanent staff in all areas, including
office management and administration, customer service, engineering, healthcare
and manufacturing operations, and for temporary staff in the pharmaceutical,
biotechnology, clinical research and medical device industries. Newer areas of
our business also performed well in the period. These included BroadReach
International, our Executive Search and Selection consultancy for the placement
of senior executive level talent, and Cpl Managed Services, which manages
selected business processes (including call centres, administrative services and
recruitment solutions) on behalf of clients.

The Group continued to focus on cost control and efficiencies during the period.
The conversion ratio of gross profit to profit before tax was 35% in the six
months to December 2005 compared with 28% in the same period last year. We
continually invest in our team and believe that we can continue to achieve
increases in business activity without a proportionate rise in overheads.

The Group had net cash balances of Euro10.8 million at 31 December 2005.
Notwithstanding the working capital demands associated with strong growth in
business activity, this figure is Euro3.7 million higher than the corresponding
balance at 31 December 2004. We are pleased that the efforts of our team to
manage working capital tightly have resulted in an excellent level of net cash
generation.

The second six months of our financial year to 30 June 2006 have begun well,
with no significant adverse events currently expected to impact our business in
the short term. We believe that we remain well positioned to continue to reap
the benefits of a strong and robust business model operating in a favourable
economic environment.

As we noted in our 2005 annual report, the Group's ability to generate growth
and profits is linked closely to the performance of the Irish economy, and we
have benefited from growth in most of the sectors in which we operate. Our
management team continue to embrace market opportunities and convert them into
shareholder value. Their skill, dedication and professionalism are the driving
forces behind the Group's continued growth. CPL's success is a testament to the
excellent leadership skills of our management team and the tremendous commitment
of all of our people. Their continuing efforts to deliver top class service to
all our clients and customers have made us Ireland's leading provider of
employment services. I am very proud of their achievements and very grateful to
them for their outstanding contributions, individually and collectively, to the
success of our business. I would also like to extend my appreciation to our
customers for their continued loyalty and support.


The Directors have recommended an interim dividend of 1.4 cent per ordinary
share. The dividend will be payable on 3rd March 2006 to holders of ordinary
shares at the close of business on the record date of 3rd February 2006.

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