CPL Resources expects profits ahead of market expectations
Source - SMW
CPL Resources said it expected pre-tax profits to be ahead of market expectations as the company performed well in the second half of the year.
Following a first half that saw profits grow by a double-digit percentage, the company said it had also performed well in the second half of the financial year which ended 30 June 2019, and as a result, profit before tax for the full year was expected to be ahead of market expectations.
The company said its balance sheet and cash flow remained 'strong.'
Looking ahead, CPL said current market conditions were favourable with high demand for talent and low unemployment rates in key markets, but added that it remained wary of the potential impact of political and economic events globally on its business.
Full-year results were expected to be reported on 10 September 2019.