Companies: CPS   

Specialist recruitment play CPL, which places IT professionals on both a permanent and contract basis, unveiled powerful half year figures which were buoyed by the successfully integrated Careers Register business. For the six months to 31 December 2000, sales were lifted from Û11.5m to Û17.2m, with net fee income (gross profit) raised by 65% to Û8.2m. Impressively, pre-tax profits came in 40% ahead at Û2.7m. The business performed well in all sectors as CPL continued to enjoy solid organic growth. Careers Register is an Irish recruitment firm specialising in accountancy and the financial sector, which was acquired last April. It has now become an important part of the business. Analysts expect CPL to continue on its growth curve. House broker Davy expects the group to post a Û4.57m pre-tax profit for the full year in 2001, with Û6.30m to follow in 2002.