UK-based engineering and technical recruitment firm RTC Group Plc (AIM: RTC.L), reported revenue for the six months ended 30 June 2018 of £41.1 million, an increase of 17% compared with last year.

RTC has three principal trading subsidiaries engaged in recruitment services: ATA, an engineering and technical recruitment consultancy which supplies white and blue collar engineering and technical staff to a broad range of SME clients and vertical markets; Ganymede, which is focused on the supply and operation of blue-collar contingent labour into safety-critical markets; and GSS which predominantly provides managed service solutions for international clients. The group also includes Central Services which, as well as being the head office and providing all central services for the Group, generates income from excess space at the Derby site (headquarters) including rental and conferencing facilities.

Revenue by segment was as follows.

The group said that the collapse of Carillon had a “minor” impact on the Ganymede business.

“Ganymede Rail continues to perform well despite lower than expected volumes on its Network Rail contract, and although we had a minor exposure to Carillion, we have not suffered any net loss arising from their failure,” the group stated. “In the final weeks of the period, volumes arising from the Network Rail contract returned to normal levels.”

RTC said Ganymede Energy’s contract with Scottish and Southern Electric Plc to source, train and provide dual fuel installers for its Smart-Meter roll-out programme experienced delays in growth due to government approval of equipment standards and will see growth return next year.

In ATA Recruitment, the group said it had a good first half and is growing its contract business ahead of expectations.

Meanwhile, RTC said the group’s Global Staffing Solutions (GSS) continues to increase its presence in Afghanistan and is enjoying promising new client opportunities both there and in other Middle East regions.

Bill Douie, Chairman, commented, “The optimism that we expressed earlier in the year has been justified by a highly satisfactory set of results. We remain confident of continued strong trading, in line with expectations, during the second half, and of delivering our ambitious growth plans across all our group businesses.”

As of last trade, RTC Group PLC traded at £54.00, down 1.82% on the day and 16.76% 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 £8.05 million.