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UK – RTC Group reports H1 revenue growth

10 August 2016

RTC Group (RTC: LSE) announced revenue for the six months ending 30 June 2016 of £34.1 million, an increase of 16% compared with £29.5 million during the same period last year.

Group profit from operations (before amortisation of intangibles) is £0.6 million compared to £0.5 million last year.

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

ATA is an engineering and technical recruitment consultancy, supplying white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets. Ganymede is focused on the supply and operation of blue collar contingent labour into safety critical markets. Global Staffing Solutions (GSS) predominantly provides managed service solutions for international clients.

“I am pleased to be able to present another successful half year for the Group,” Bill Douie, Chairman of RTC, said. “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.”

In trading today, RTC Group PLC set a new 52-week low when it reached £57.00, down 12.98% on the day. Based on its current share price, the company has a market value of £9.53 million.