22nd Jan 2021 12:50
RTC Group PLC - London-based recruitment company - Expects annual results will outline that, despite lower trading levels compared to 2019, RTC records profit in a year hurt by the Covid-19 pandemic.
Chair Bill Douie says: "The performance of the group in an extraordinarily challenging year has been satisfactory and both the net debt and cash position is sound. The trading environment during the second part of 2020 has continued to be extremely difficult but our group as a whole has remained profitable."
"I believe our results are a clear endorsement of the strategic path being followed by the group and I am gratefully impressed by the diligence and determination of management at all levels in overcoming continued external challenges," Douie continues.
He adds: "In spite of the difficult economic environment, I remain cautiously confident of our ability to deliver continued positive results in 2021 in all areas of our business."
RTC will publish its annual results on or around February 22.
Current stock price: 40.00 pence
Year-to-date change: down 5.9%
By Paul McGowan; [email protected]
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