23rd Mar 2016 11:09
LONDON (Alliance News) - Educational IT and resources company RM PLC on Wednesday said trading in the first quarter met its expectations, but the UK market remains subdued.
RM said trading in the first quarter to the end of February was in line with its forecasts, taking into account the normal seasonal demand patterns for its sales.
Still, the company said the UK market remains subdued, in line with the guidance given in its annual results in February. RM said revenue came under pressure in its 2015 financial year due to its strategy to shift away from selling hardware devices and due to fewer schools being built under the UK government's Building Schools for the Future programme.
RM shares were up 0.5% to 136.65 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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