Business
Pre-Close Update
Pre-Close Update.
About this update from Rm Plc
[{"type":"text","content":"\n RNS Number : 9650I RM PLC 23 March 2010 \n \n\n\n23 March 2010\nRM plc: pre-close update for the six months ending 31 March 2010 - trading in line with Management's expectations\nAs part of its normal programme of communications with shareholders, RM is issuing an update on current trading prior to the end of the first half of its financial year on 31 March 2010. \nTrading in the year so far has been supportive of Management's expectations for the year as a whole. However, RM's business is highly seasonal and performance at this stage in the year is not a reliable indicator for the year as a whole.\nRevenue for the first half will reflect further growth in RM's education resources business, as well as the previously indicated increase in BSF turnover. The result for the period will also reflect the Group's continued investment in people, systems and working capital to support growth in BSF, the UK education resources market and the US.\nTerry Sweeney, Chief Executive of RM, commented:\n\"The first half of the year will see year-on-year revenue growth and a further increase in committed future revenues. As well as winning three new BSF projects in the first half, RM Learning Technologies has been chosen to provide ICT services to the Harris Federation's group of Academies and secured business with a number of individual Academies. In addition, RM Assessment and Data has confirmed multi-year framework agreements with two new strategic partners.\n\"The second half of the year will be extremely busy and we've been gearing up ahead of that. We anticipate commissioning 44 BSF schools (compared to 16 last year); supporting the marking of more examination scripts than ever before; a busy summer in the US; and delivering further growth in our education resources businesses.\"\n \n- Ends -\n \n \nFor further information, please contact: \n\n\n\n\nMike Greig/Iain McIntosh/Phil Hemmings, RM plc\n\n\n08450 700300\n\n\n\n\nChris Blundell/Franziska Boehnke, Brunswick\n\n\n020 7404 5959\n\n\n\n\n \nNotes:\n1. The RM Group is a leading provider of educational solutions that help teachers to teach and learners to learn. RM works closely with educationalists to create new products, processes and technology which improve education. RM is listed on the main market of the London Stock Exchange under the symbol...