Group revenue up 8% at year-end 2019 for RTC Group
RTC Group has released its audited results for the year ended 31st December 2019.
Group revenue for the year was £94.4m (2018: £87.8m), up 8%. Profit from operations was £2.0m, flat year-on-year.
In the UK, permanent placement revenue was £2.8m, flat year-on-year. Contract revenue increase by £7.8m to £90.3m in 2019. The UK division delivered profit from operations of £3.7m, up 3% on the previous year (2018: £3.6m).
International revenues increased by £1.8m to £16.6m (£14.4m) with profit from operations of £1.1m (2018: £0.9m).
A final dividend has been proposed of 2.76p per share to make total dividends for the year of 4.16p, which is up 8%.
Andy Pendlebury, CEO, said, "2019 was another extremely positive year for the Group, revenue, gross profit, cash generation and shareholder dividends all increased in line with market expectations.
“I am extremely excited about our prospects as the work we have done to position ourselves as a lead player in the infrastructure, rail, energy and international sectors has yet to be fully exploited by the Group.
“Finally, we are proud that we have consistently delivered on our dividend commitment to our shareholders and our dividend yield is one of the best in the sector."
Photo courtesy of Shutterstock.com