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28 Jun 2012 10:18
28 June 2012
CPL Resources plc
Trading Update
In our interim statement we announced a strong performance in the six months to 31 December 2011, with significant increases in revenues, operating profits and earnings per share. Against continuing uncertainty and volatility in the markets in which we operate, our performance in the second six months of our financial year has remained strong. As a result, we expect our profit before tax for the year to 30 June 2012 to be in excess of €9.5 million. Although we returned €20 million in cash to shareholders in late 2011, our balance sheet remains strong.
The uncertainty and volatility referred to above make it very difficult to forecast future performance with any precision. We remain committed to the delivery of excellent service to our customers, to developing our business through implementation of our core values, and to availing of opportunities for profitable growth as they arise. We expect that, with some improvement in market conditions, we will be able to deliver further modest growth in profitability in the coming months.
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