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RTC Group Plc Back In the Black

RTC Group Plc Back In the Black

Audited results for the year ended 31 December 2012

RTC 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.

Highlights

&middot Group revenue from continuing operations up 39% to &pound43m (2011: &pound31m)

&middot Group operating profit from continuing operations before exceptional items of &pound592,000 (2011: loss &pound87,000)

&middot Profit for the year attributable to equity holders of &pound575,000 (2011: loss &pound611,000)

&middot Profit per share from continued operations of 4.26p (2011: loss 4.17p)

The Board does not believe that it would be prudent to use its financial resources to recommend a dividend at this time (2011: nil).

Commenting on the results Bill Douie, Chairman, said: "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 in the years to come."

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