RPS flags recovery signals as Q3 revenue holds steady

Thu, 29th Oct 2020

Professional services firm RPS Group reported a marginal increase in fee revenue in the third quarter compared to the second quarter amid 'pleasing signs of recovery'. Q3 fee revenue was £109 million, up from £107 million in Q2 but below the £132 million recorded in Q3 2019. The company reported an 'improving trajectory' across the quarter in line with its expectations. RPS reduced its debt to £32.8 million as of 30 September 2020, down from £57.8 million three months earlier. It said its contracted order book continued to improve, with the company's overall three-month order book increasing by 4% the end of September compared to June 2020. Story provided by StockMarketWire.com

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