29th Feb 2016 09:32
LONDON (Alliance News) - Recruiter RTC Group PLC on Monday said its pretax profit and revenue increased in 2015, boosted by contract wins.
Pretax profit rose 30% in the year to the end of December to GBP1.3 million from GBP1.0 million the year prior, as revenue increased 27% to GBP65.0 million from GBP51.0 million.
The group will pay a final dividend of 2.0 pence per share, doubled year-on-year, leaving its total dividend for the year at 3.0p, also double the year before.
RTC said its ATA recruitment consultancy arm exceeded its expectations in the year and the group started work on its five-year staffing agreement with Network Rail Ltd, the UK's railways operator. Revenue for its GSS business has been held back by the withdrawal of troops from Afghanistan, but this has stabilised and been offset by growth in RTC's other businesses.
"I am delighted to be able to report that in 2015 we continued to make significant progress with the strategic direction we set for the group culminating in another year of impressive results. Our strategy has enabled us to dilute our exposure to competitive market conditions enabling our financial performance to continue to accelerate at pace," said Chief Executive Andy Pendlebury.
RTC shares were up 9.9% to 78.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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