RTC Group profit from operations up 40k from 2014
· Group revenue from continuing operations £29.5m (2014: £25.3m)
· Group profit from operations (before amortisation of intangibles) £507k (2014: £467k)
· Cash outflow from operations £0.8m (2014: £1.4m inflow)
· Basic earnings per share 2.36p (2014: 2.32p)
The Directors propose an interim dividend of 1.0p per share (2014: 0.5p). The Company has a progressive dividend policy. Subject to approval of the Directors, the interim dividend will be paid on the 30 November 2015 to shareholders on the register on 6 November 2015.
Commenting on the results Bill Douie, Chairman, said, "I am pleased to report that the Group has performed in line with expectations for the half year.
"Ganymede's core contract to provide contingent labour for Network Rail for maintenance is not expected to be impacted by any rescheduling of Network Rail Infrastructure Projects and early volumes on the new contract are in line with expectations.
"The new staff in ATA have settled in well and market conditions are buoyant.
"GSS has delivered a solid performance from new and existing contracts and it is anticipated new business levels will increase in the second half of the year.
"We remain confident that for the full year the Group will perform in line with current market expectations."
The interim report is available on the Company's website www.rtcgroupplc.co.uk.