24th Jul 2015 07:26
LONDON (Alliance News) - Recruitment company RTC Group PLC on Friday said its pretax profit declined slightly in the first half of 2015, as higher costs offset a rise in revenue.
RTC said its pretax profit in the first half was GBP398,000, compared to a GBP405,000 profit a year earlier. Revenue rose to GBP29.5 million from GBP25.3 million but this was wiped out by a higher cost of sales and more administrative expenses for the company.
RTC said its recruitment businesses all performed well in the first half, with its Ganymede business benefiting from the contribution of its new energy business and the initial investment and mobilisation of RTC's staffing services contract with Network Rail now mostly complete.
The company said it would pay an interim dividend of 1 pence per share, double the 0.5 pence it paid a year earlier.
"I am pleased to report that the group has performed in line with expectations for the half year. We remain confident that for the full year the group will perform in line with current market expectations," said Bill Douie, RTC's chairman.
RTC shares were down 11% to 59.275 pence on Friday morning, one of the worst performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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