30th Jul 2018 12:19
LONDON (Alliance News) - Engineering and technical recruitment company RTC Group PLC said Monday that trading for the first half of 2018 has been "most satisfactory".
For the six months to June 30, RTC posted group revenue up 17% to GBP41.1 million from GBP35.1 million year-on-year.
Pretax profit increased by 31% to GBP770,000 from GBP590,000 reported a year ago.
The company said that despite having a minor exposure to Carillion PLC's collapse in January it has not "suffered any net loss arising from their failure".
The construction and outsourcing firm entered compulsory liquidation in January after talks with lenders and UK government figures failed to secure enough funding.
RTC lifted its interim dividend to 1.3 pence per share from 1.2p a year before, in line with its "progressive dividend policy".
"The optimism that we expressed earlier in the year has been justified by a highly satisfactory set of results. We remain confident of continued strong trading, in line with expectations, during the second half, and of delivering our ambitious growth plans across all our group businesses," Chairman Bill Douie said.
RTC shares were trading up 1.6% at 55.90p each.
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