CPL profits shrank 92%

Got an interesting tweet from Anne from CPL today. Pointing to the PR about CPL. It basically says that CPL is still in black. Pretax profits dropped 92% to €1.7 million for the 12 months to June, in what it called “better than expected” annual results.

Although he public knows them as the largest recruitment agency, they have actually laid off a lot of staff this year: from 483 to 333 over the year. A few good friends within them.

Irish Times and RTE have their full stories online.

Just one interesting fact. Goodbody analyst Dan Cavanagh said he was expecting operating profit of €4.9m for CPL in the year to June 30.

How wrong was he? :)

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Ivan | JobsBlog.ie

Ivan A. Stojnanovic Founder of Portal Ltd. MD of EmployIreland.ie and eRecruit.ie

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