Business
Interim Results for the Six Months to 30 June 2024
Interim Results for the Six Months to 30 June 2024.
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 \n24 July 2024\nRTC Group Plc\n(\"RTC\", \"the Company\" or \"the Group\")\n \nInterim Results for the Six Months Ended 30 June 2024\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 2024.\n \nSummary:\n· Group revenue from continuing operations increased to £49.0m (2023: £45.6m);\n· Contract revenues increased to £46.7m (2023: £43.0m);\n· EBITDA increased to £1.9m (2023: £1.6m);\n· Profit before tax increased to £1.2m (2023: £1.0m);\n· Net assets grew to £8.7m (2023: £6.9m);\n· Net cash inflow from operating activities £0.3m (2023 £2.1m);\n· No term debt, and no borrowings other than lease liabilities; and\n· Basic earnings per share 6.0p (2023: 5.20p) with little dilution.\n \nThe final dividend in respect of the year ended 31 December 2023 of 4.5p per share (2023: Nil) was approved at the AGM on 5 June 2024 and paid to shareholders on 8 July 2024. The Directors propose an interim dividend of 1.10p per share (2023: 1.0p per share). The interim dividend will be paid on 1 October 2024 to shareholders on the register on 6 September 2024. \n \nCommenting on the results, Andy Pendlebury, Chairman and Chief Executive, said:\n \n\"I am delighted to announce that the first half of 2024 saw a further enhancement in performance for the Group, building upon the success achieved in 2023.\nThroughout the first half of 2024, we have continued to make investments in training our people, increasing our headcount, and developing our systems and technology solutions to drive productivity, elevate our client offerings, and secure future business opportunities.\nOur balance sheet remains in a very healthy positio...