Business
Interim Results
Interim Results.
About this update from Rtc Group Plc
[{"type":"text","content":"\n\nThis announcement contains inside information as stipulated under The Market Abuse Regulation (EU No. 596/2014).\n \n26 July 2023\nRTC Group Plc\n(\"RTC\", \"the Company\" or \"the Group\")\n \nInterim Results for the Six Months Ended 30 June 2023\n \nRTC Group Plc (AIM: RTC.L), the engineering and technical recruitment Group, is pleased to announce its unaudited results for the six months ended 30 June 2023.\n \nSummary:\n· Group revenue from continuing operations increased 33% to £45.6m (2022: £34.4m);\n· Contract revenues increased to £43.0m (2022: £32.1m) and a strong order book in excess of £200m;\n· EBITDA increased by £1.5m to £1.6m (2022: £0.1m);\n· Profit before tax increased by £1.4m to £1.0m (2022: loss of £0.4m);\n· Net assets grew by £0.7m to £6.9m (2022: £6.2m);\n· Net cash inflow from operating activities £2.1m (2022 outflow: £0.6m);\n· No term debt; and\n· Basic earnings per share 5.20p (2022: loss per share 2.43p).\n \nNo dividends were paid in the period (2022: Nil). The Directors propose an interim dividend of 1.0p per share (2022: Nil). The interim dividend will be paid on 1 September 2023 to shareholders on the register on 4 August 2023. \n \nCommenting on the results, Bill Douie, Chairman, said:\n \n\"In our Annual Report and Accounts 2022 our general message was that our Rail business, which had successfully secured a further long term strategic supply contract with Network Rail, was impacted by the combination of: the tail end of enhanced costs to comply with covid restrictions; escalating fuel prices; upfront costs; and other investment activities to establish appropriate management and operational structure for our new operating routes. In addition, there was significant disruption due to industrial action across the whole rail network. I am pleased to report that, whilst industrial ...