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RM Trading Outlook In Line With Management Expectations

27th Mar 2019 11:41

LONDON (Alliance News) - RM PLC on Wednesday said its trading outlook remains in line with the expectations of its board, despite pressures on school budgets.

RM supplies technology resources to the education sector.

In his annual general meeting statement Chair John Poulter said: "The trading outlook for the group remains in line with the board's expectations, taking into account the usual seasonal pattern of demand and increasing pressure on UK school budgets."

Furthermore, the company said it completed the triennial review of its pension scheme, with the ongoing deficit recovery payments to the pension fund remaining broadly unchanged at GBP3.7 million per year.

The company is recommending a final dividend of 5.70 pence per share, making up for a total payout of 7.6p, 15% higher on the prior year.

RM shares were trading down 1.3% at 233.90p each on Wednesday.

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