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Share Name | Share Symbol | Market | Stock Type |
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Cpl Resources Plc | CPS | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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995.00 | 995.00 |
Top Posts |
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Posted at 09/9/2013 11:20 by sammy_smith AUDIO WEBCAST: CPL Resources CPS - Final resultsClick 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 08:10 by evaluate Clyde Process Solutions has nothing to do with this CPS.It's a recruitment company. |
Posted at 17/9/2008 16:20 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 10:58 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 08:28 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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