RTC Group publishes full year audited results
? Group revenue up 14% to £49m (2012: £43.0m) ? Group operating profit £871,000 (2012: £592,000) ? Profit before tax up 55% to £736,000 (2012: £474,000) ? Profit for the year attributable to equity holders of £512,000 (2012: £575,000) ? Basic earnings per share of 3.79p (2012: 4.26p)
The Board is not able to recommend any dividends for 2013 (2012: nil).
Pre-tax profits have increased by £262,000, however, there is a decrease in earnings per share reflecting a tax charge of £224,000 (2012: credit £101,000 relating to deferred tax).
Commenting on the results Bill Douie, Chairman, said:
“Our subsidiary companies have all made positive contributions and established solid competitive positions in their respective markets, marking another year of growth across all our recruitment markets.
Contributing to our success is undoubtedly the growth in Ganymede and our increasing international capability. Although there is still work to be done in the regional branch network in ATA Recruitment in the UK to re-establish our stronghold in the SME market, we expect to complete that in 2014 and to drive for further growth in all three core businesses. We have also undertaken and expect to complete our major information technology and systems infrastructure upgrade in the first half of 2014. Both globally and in our own Group there are important challenges but also many exciting opportunities. We look forward to the future with confidence”.