24th Feb 2020 11:04
(Alliance News) - RTC Group PLC on Monday reported a mid-single-digit fall in profit in 2019 but said it is "excited" about its future prospects.
The stock was 8.6% lower in London in morning trade at 69.00 pence a share.
The AIM-listed recruitment company reported pretax profit of GBP1.8 million in 2019, down 5.4% compared to GBP1.9 million profit a year ago, as administrative expenses grew by 5.0% to GBP12.5 million from GBP11.9 million.
More positively, RTC said revenue climbed by 8.1% to GBP95.0 million from GBP87.8 million year-on-year.
The company declared a final payout of 2.76p a share, up 8.2% from 2.55p a year before. Total payout for the year was 4.16p versus 3.85p.
"2019 was another extremely positive year for the group, revenue, gross profit, cash generation and shareholder dividends all increased in line with market expectations," said Chief Executive Andy Pendlebury.
"I am extremely excited about our prospects as the work we have done to position ourselves as a lead player in the infrastructure, rail, energy and international sectors has yet to be fully exploited by the group," added Pendlebury.
By Evelina Grecenko; [email protected]
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