Trading Statement

 

TIDMCPS 
 
RNS Number : 0795P 
CPL Resources PLC 
09 July 2010 
 
 
 
 
CPL Resources plc 
Trading update 
 
The CPL Group has remained profitable throughout 2010 to date despite a 
difficult operational backdrop.  We expect the profit for the year to 30 June 
2010 to be broadly in line with market expectations.  Our balance sheet remains 
very strong. 
 
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. 
 
 
July 2010 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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