IEX-listed recruitment firm CPL Resources has said it expects profits this year to be in line with analysts’ estimates, once impairment charges are taken into account.
In a trading statement the company said the Irish economy had seen a “marked and sustained” reduction in activity with knock-on effects for employment and the demand for recruitment and related services.
Despite this, the company said it had remained profitable for the first six months of the year and that its balance sheet remained strong.
“It is impossible to predict with any accuracy whether the markets in which the Group operates will experience any significant improvement in the foreseeable future, and accordingly the outlook for the Group for the remainder of 2009 remains uncertain.”