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RTC Group Plc Announces Its Preliminary Results

RTC Group Plc Announces Its Preliminary Results

RTC Group Plc, a support services group, which provides recruitment and conferencing services, is pleased to announce its preliminary results for the year ended 31 December 2011.

HIGHLIGHTS

- Group revenue from continuing operations of &pound29.5m (2010: &pound19.6m)

- Group operating loss from continuing operations before exceptional items of &pound87,000 (2010: &pound492,000)

- Loss for the year attributable to equity holders of &pound611,000 (2010: &pound958,000)

- Loss per share from continued and discontinued operations of 5.10p (2010: 10.62p)

- Dividends the Board believes that it would not be prudent to use financial resources to declare a final dividend at this time (2010: nil)

- Recruitment made an operating profit before exceptional items of &pound211,000 (2010: &pound210,000)

- Conferencing made an operating profit of &pound35,000 (2010: loss &pound277,000)

Commenting on the results Bill Douie, Chairman, said: "Our strategic plan has identified significant opportunities to build on our expertise in managed service operations globally, in development of our presence in India, in the services to SME industrial clients through our branch network in England and in labour supply in the UK. Implementation of the management development and re-structuring programme has given us a team capable of pursuing those opportunities."

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