2nd Mar 2015 11:09
LONDON (Alliance News) - Recruitment company RTC Group Monday posted higher 2014 pretax profit on the back of an improvement in revenue and said it would pay a maiden final dividend.
RTC said its pretax profit for the year was up 38% to GBP1 million, from GBP0.7 million in 2013, as revenue rose to GBP51 million from GBP49 million. Net fee income for the company increased to GBP10.2 million against GBP9.2 million last year.
RTC said it would pay a final dividend of 1 pence per share, its first final dividend. Along with the interim dividend it paid earlier this year, the company will pay dividends of 1.5 pence per share for the year as a whole.
"I am extremely proud of the progress the group has made during 2014. We have continued to grow underlying profit and shareholder value ahead of much of our competition, as can be seen from our profit and earnings per share progression and each of our core recruitment businesses are well positioned to capitalise on the growth which is anticipated across all our respective markets," said Chief Executive Andy Pendlebury.
"Although the global situation must continue to cause some apprehension, the UK economy continues to perform surprisingly well and we are confident that 2015 will see further growth," the company said in its outlook statement.
Still, RTC shares were down 9.1% to 70.00 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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