Business
Final results for the year ended 31 December 2019
Final results for the year ended 31 December 2019.
About this update from Rtc Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 8249D\n RTC Group PLC\n 24 February 2020\n \n \n \n \n 24 February 2020\n \n \n \n \n \n RTC Group Plc\n \n \n \n \n \n (\"RTC\", \"the Company\" or \"the Group\")\n \n \n \n \n \n Final results for the year ended 31 December 2019\n \n \n \n \n \n RTC Group Plc (AIM: RTC.L) is pleased to announce its audited results for the year ended 31 December 2019.\n \n \n \n \n \n Highlights\n \n \n \n \n \n · \n Group revenue £94.9m (2018: £87.8m), 8% increase.\n \n \n · \n Profit from operations maintained at £2.0m (2018: £2.0m).\n \n \n · \n Earnings per share (basic) 9.60p (2018: 10.20p).\n \n \n · \n A final dividend is proposed of 2.76p per share making total dividends in respect of the year to 31 December 2019 of\n 4.16\n p (2018: 3.85p), 8% increase. \n \n \n · \n Net working capital debt reduced to £2.8m (2018: £4.5m). The Group has no term debt.\n \n \n · \n 75% of gross profit generated by our more resilient contract business.\n \n \n Commenting on the results Andy Pendlebury, CEO said:\n \n \n \n \n \n \n \"\n \n \n 2019 was another extremely positive year for the Group, revenue, gross profit, cash generation and shareholder dividends all increased in line with market expectations. \n \n \n \n \n \n \n I am extremely excited about our prospects as the work we have done to position ourselves as a lead player in the infrastructure, rail, energy and international sectors has yet to be fully exploited by the Group.\n \n \n \n \n \n \n Finally, we are proud that we have consistently delivered on our dividend commitment to our shareholders and our dividend yield is one of the best in the sector\n \n \n .\" \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n RTC Group Plc\n \n \n \n \n Tel: 0133 286 1835\n \n \n \n \n \n \n Bill Douie, Chairman\n \n \n \n \n \n \n \n \n \n \n \n \n \n Andy Pendlebury, Chief Executive\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n SPARK Advisory Partners Limited (Nominated Adviser)\n \n \n Matt Davis / Mark Brady \n \n \n \n www.Sparkadvisorypartners.com\n \n \n \n \n \n \n \n \n \n Tel: 0203 368 3550\n \n \n \n \n \n \n Whitman Howard Limited (Broker)\n \n \n Nick Lovering \n \n \n \n www.Whitman-howard.com\n \n...