Companies: CPS   

CPL Resources repaid its new investors in kind by almost tripling pre-tax profits to Eur 3.15m (Eur 1.15m) for the year to 30 June. The results were in line with the predictions made in the group's prospectus when it launched onto Aim in June this year. Turnover for the period hit Eur 20.18m, up from Eur 11.9m last time. The results will surprise no-one with a passing knowledge of this Dublin-based staffing organisation. Since its establishment in 1996, it has recorded a compound annual growth rate of 229%. The group has two main operating divisions: Computer Placement, which specialises in the placement of IT professionals; and CPL Solutions, which provides IT professionals on a contract basis. Despite the profits performance, and the promise of more to come, CPL is somewhat poorly rated, trading off a lowly forward p/e of merely 6.1.