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Cpl announce results (Belfast & Newry)

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Cpl Resources PlcResults for the Full Year Ended 30 June 20153 September 2015: Cpl Resources Plc (‘Cpl’, the 'Group' or the 'Company'), Ireland's leading employment services group, which employs 20 people across its Belfast and Newry offices today announced results for the year ended 30 June 2015 and the acquisition of Clinical Professionals Ltd, a leading UK based pharmaceutical and Life Sciences recruitment company.Full Year Highlights-   Revenue increase to €393.6 million, up 6.6% on last year-    Gross Profit increase to €58.7 million up 7.3% on last year-    Profit Before Tax down 2.1% to €14.1 million-    Basic earnings per share of 40.2 cent versus 40.7 cent-    Total dividend per share of 9.75 cent (2014: 9.75 cent)-    Acquisition of Clinical Professionals Limited – UK Pharmaceutical and Life Science Recruitment CompanyClinical Professionals Ltd includes the “Only Medics” and “Regulatory Professionals” brands within their portfolio.  They recruit for pharmaceutical roles across Europe, including (but not limited to) recruiting for pharmaceutical job vacancies in Switzerland, Belgium, Germany, France, the Netherlands and the UK.

Cpl acquired 89.8% of the business, 63.5% of the consideration was paid at completion (€5.1m).  The balance is contingent on certain targets being achieved.John Hennessy, Chairman commented:“I am pleased to report that the 12 months ended 30 June 2015 has been another year of growth for Cpl.  Economic indicators in our main markets are positive, and we have invested in strengthening our team and our systems to allow us to meet demand as these markets continue to recover and grow.

2015 marks the 25th anniversary of the establishment of Cpl.  During this time we have also made several important acquisitions that have contributed to our growth, and we announce another addition to the Cpl Group today. We look forward to working with the management and staff of Clinical Professionals Ltd to develop the business and increase our presence in the UK market and further afield.Anne Heraty CEO added:“Cpl grew revenue and gross profit by 7% to €393.6 million and €58.7 million. The employment market continues to improve with skills shortages in some key sectors. We are delighted to join forces with the talented people from Clinical Professionals who we are welcoming to Cpl today. The team have expertise and a strong international presence recruiting for the pharmaceutical, biotechnology and life sciences industry.  Together we will offer an even broader range of recruitment and workforce solutions for the benefit of our candidates and clients.”Yvette Cleland, CEO of Clinical Professionals Ltd said:“We have been very impressed by the passion and focus of the Cpl people and culture.  The combination of Cpl and Clinical Professionals creates a strong specialty brand portfolio focused on the Regulatory, Healthcare and Lifesciences sectors. This is an excellent next step for us and will deliver exceptional opportunities for our clients and candidates”.ENDS

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