RTC Group turns around cashflow in first half

RTC Group announced its interim results for the six months to 30 June on Wednesday, with group revenue from continuing operations up 16% to £34.1m, from £29.5m a year ago.

The company said group profit from operations, before amortisation of intangibles, rose to £0.6m from £0.5m.

Cash inflow from operations reached £1m, up from a £0.8m outflow a year ago, with basic earnings per share reported as 2.83p, rising from 2.47p.

The directors have proposed an interim dividend of 1.1p per share, up from 1.0p, as part of RTC’s progressive dividend policy.

Subject to the approval of the Directors, the interim dividend will be paid on the 30 November to shareholders on the register on 4 November.

“I am pleased to be able to present another successful half year for the group,” said chairman Bill Douie.

“During the second half of the year we expect Ganymede to perform in a consistent manner to the first half and whilst unsettled political and economic conditions may impact on certain sectors of the recruitment industry, we remain optimistic of the long-term opportunities in the infrastructure sectors we support,” he added.