RTC Group publish half year results
RTC Group Plc,the business services organisation focussing on white and blue collar recruitment providing temporary, permanent and contingent staff to a broad range of industries and clients in both domestic and international markets, is pleased to announce its interim results for the six months ended 30 June 2014.
Group revenue from continuing operations £25.3m (2013: £23.4m)
Group operating profit £467k (2013: £66k)
Significantly improved cash flow from operations of £1.3m (2013: outflow £1.3m)
Basic earnings per share of 2.32p (2013: 0.04p)
The directors propose an interim dividend of 0.5p per share (2013: nil). The Company has a progressive dividend policy. Subject to approval of the Directors, the interim dividend will be paid on the 1 October 2014 to shareholders on the register on 5 September 2014.
Commenting on the results Bill Douie, chairman, said, "The staffing and structural changes in ATA Recruitment have settled in well and are continuing to deliver value to the Group. This coupled with the solid first half performance of all our core businesses give the Directors confidence that the year as a whole will meet market expectations."