RTC Group Plc
(“RTC”, “the Company” or “the Group”)
Interim Results for the Six Months Ended 30 June 2015
RTC Group Plc is pleased to announce its interim results for the six months ended 30 June 2015.
• Group revenue from continuing operations £29.5m (2014: £25.3m)
• Group profit from operations (before amortisation of intangibles) £507k (2014: £467k)
• Cash outflow from operations £0.8m (2014: £1.4m inflow)
• Basic earnings per share 2.36p (2014: 2.32p)
The Directors propose an interim dividend of 1.0p per share (2014: 0.5p). The Company has a progressive dividend policy. Subject to approval of the Directors, the interim dividend will be paid on the 30 November 2015 to shareholders on the register on 6 November 2015.
Commenting on the results Bill Douie, Chairman, said:
“I am pleased to report that the Group has performed in line with expectations for the half year.
Ganymede’s core contract to provide contingent labour for Network Rail for maintenance is not expected to be impacted by any rescheduling of Network Rail Infrastructure Projects and early volumes on the new contract are in line with expectations.
The new staff in ATA have settled in well and market conditions are buoyant.
GSS has delivered a solid performance from new and existing contracts and it is anticipated new business levels will increase in the second half of the year.
We remain confident that for the full year the Group will perform in line with current market expectations.”
The interim report is available on the Company’s website www.rtcgroupplc.co.uk.
RTC Group plc
Bill Douie, Executive Chairman
Andy Pendlebury, CEO
Sarah Dye, Group Finance Director
Tel: 01332 861 844
WH Ireland (Nominated Adviser and Broker)
Katy Mitchell / Liam Gribben
Tel: 0113 394 6600
RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.
ATA is one of the UK’s leading engineering and technical recruitment consultancies. Supplying white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets.
Ganymede is focussed on the supply and operation of blue collar contingent labour into safety critical markets.
Global Staffing Solutions (GSS) predominantly provides managed service solutions for international clients.