Market Update Economic Events Directors Deals Commodities Prices News Market Movers

RTC increases profits by 32%

Wednesday, 9th August 2017
Engineering and technical recruitment company RTC (RTC) increased its profit before tax by 32% to £600,000 in the first half, with group revenue increasing from £34.1m to £35.1m.

Earnings per share rose from 2.83p to 3.58p.

Growth was driven by the Ganymede division, which recently secured a contract with SSE. The company said profits in the division, which is focused on the supply and operation of blue collar contingent labour into safety critical markets, have grown in line with expectations.

Ganymede's 2.4% revenue increase was driven by its rail and energy services.

RTC said ATA, the engineering and technical recruitment consultancy, is experiencing tighter market conditions in permanent placements. However, it is growing its contract business ahead of expectations.

The company said Global Staffing Solutions (GSS) continues to maintain its steady presence in Afghanistan and is enjoying promising new client opportunities both there and in other Middle East regions.

At 9:15am: (LON:RTC) RTC Group PLC share price was -2p at 67.5p

Story provided by

Related Shares: Rtc Grp.

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.