Trading Statement
July 09 2010 - 1:00AM
UK Regulatory
TIDMCPS
RNS Number : 0795P
CPL Resources PLC
09 July 2010
CPL Resources plc
Trading update
The CPL Group has remained profitable throughout 2010 to date despite a
difficult operational backdrop. We expect the profit for the year to 30 June
2010 to be broadly in line with market expectations. Our balance sheet remains
very strong.
The economic environment in the markets in which we operate has been very
challenging for the last two years. We are now beginning to see signs of some
limited improvement in those markets. However, employment in the Irish economy
is still declining and sequential employment growth is not expected to resume
until the second quarter of 2011. The immediate future therefore remains
uncertain, but we are cautiously optimistic that a slow recovery has begun in
the markets relevant to our business. We intend to continue to manage our
business prudently and to invest in our people and technology so that we will be
well placed to benefit from any upturn in the economic cycle.
July 2010
This information is provided by RNS
The company news service from the London Stock Exchange
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