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UK – RTC Group announces trading update, profits and revenue to be in line with expectations

25 January 2019

RTC Group Plc (AIM: RTC.L), the engineering and technical recruitment company, provided a trading update today announcing that the results for the financial year ended 31 December 2018 will be in line with current market expectations.

Bill Douie, Chairman, commented, "The continued growth of group revenue and profits and improvement in net debt position is extremely pleasing and encouraging, especially in light of the uncertainty surrounding the UK economy.”

“I believe our results are a clear endorsement of the strategic path being followed by the group and I remain cautiously confident in our ability to deliver continued growth across all areas of our business,” Douie said.

RTC has three principal trading subsidiaries engaged in the recruitment of human capital resources and the provision of managed services.

ATA is one of the UK's leading engineering and technical recruitment consultancies. Supplying white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets.

Ganymede is focussed on the supply and operation of blue collar contingent labour into safety critical markets.

Global Staffing Solutions predominantly provides managed service solutions for international clients.

 The company expects to announce its preliminary results on or around 25 February 2019.

As of last trade, RTC Group traded at £57.40, up 10.38% on the day and 24.11% above the 52 week low of £46.25 set on 5 April 2018. Based on its current share price the company has a market value of £7.61 million.