FINANCIALS: RTC trading update
Business services organisation RTC Group, focusing on blue and white-collar recruitment, has today (26 January) issued a brief trading update ahead of the release of its full-year financials.
Mon, 26 Jan 2015
Business services organisation RTC Group, focusing on blue and white-collar recruitment, has today (26 January) issued a brief trading update ahead of the release of its full-year financials.
A statement from the RTC board said revenue was expected to be in line with current market expectations and profit before tax would be slightly ahead of market expectations.
In the statement, chairman Bill Douie said all group businesses had “continued to perform strongly in highly competitive markets”.
A statement from investment banking firm Allenby Capital published on RTC’s website, said it had forecasted RTC’s revenue to be £53m, a year-on-year increase of 9%.
It continued to say RTC was a “totally different company to that of just four years ago when it reported regular losses”.
The statement continued: “The business is now well positioned to benefit from the strength of its various end markets, including the government’s £37.5bn investment programme in the UK rail industry, which is expected to run until March 2019.”
The final results for the year to 31 December 2014 are expected to be released on 9 March.
The company describes itself as “focusing on white and blue collar recruitment, providing temporary, permanent and contingent staff to a broad range of industries and clients in both domestic and international markets”.
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