Business
Replacement - Final Results
Replacement - Final Results.
About this update from Rtc Group Plc
[{"type":"text","content":"\n \nRNS Number : 8862A RTC Group PLC 26 March 2013 \n \n\n \nThis announcement replaces the ' Final Results' announcement released on 26/03/2013 at 9:50am under RNS number 8780A. The figure for 2012 profit per share from continued operations has been corrected to 4.26p and note 3 has been updated accordingly. All other details remain unchanged.\n \nThe full amended text is shown below.\n \nRTC Group Plc (\"RTC\", \"the Company\" or \"the Group\")\nAudited results for the year ended 31 December 2012\n \n \n \nRTC Group Plc, a support services group which provides recruitment and conferencing services, is pleased to announce its audited results for the year ended 31 December 2012.\n \n \nHighlights\n \n· Group revenue from continuing operations up 39% to £43m (2011: £31m)\n· Group operating profit from continuing operations before exceptional items of £592,000 (2011: loss £87,000)\n· Profit for the year attributable to equity holders of £575,000 (2011: loss £611,000)\n· Profit per share from continued operations of 4.26p (2011: loss 4.17p)\n \nThe Board does not believe that it would be prudent to use its financial resources to recommend a dividend at this time (2011: nil).\n \nCommenting on the results Bill Douie, Chairman, said:\n \n\"2012 has been a year of strong growth both in turnover and operating profit. However, it comes as no surprise to us all that material recovery from the recent recession remains patchy and volatile. Nonetheless, we are confident that we have a range of activities which all hold much promise for the Group. In addition, ATA UK was restructured with effect from 1 January 2013 and we are currently investing in additional headcount and recruitment technology. We therefore expect to be approximately break-even for the first half of the financial year and generate the vast majority of projected profits in the second half as these staff become fully effective and we start to see the benefits of the additional investment in the new structure. We believe this longer term strategy will permit sustainable and profitable growth i...