FINANCIALS: RTC Group weathers the Brexit storm

Engineering and technical recruiter RTC Group has seen group revenue rise, according to unaudited results for the six months ended 30 June 2019.

The results, released this morning, reveal group revenue from continuing operations increased to £46m from £41m in H1 2018, with revenue up 34% for the firm’s Ganymede business and 17% for its GSS division. However, revenue was down 11% for the group’s ATA division.

The group saw profit before tax fall marginally to £710k from £770k in H1 2018, while basic earnings per share fell to 3.86p from 4.38p in H1 2018.

Commenting on the group’s performance, chairman Bill Douie said: “Ganymede continues to perform well, with enhanced volumes on its Network Rail contract and GSS has increased its presence internationally. ATA has encountered headwinds due to uncertainties over our future relationship with the European Union. 

“However, although the fog has not lifted in the political arena and, therefore, by extension in industry and commerce, we remain confident of continuing our satisfactory performance in the second half of 2019 and as such are maintaining our progressive dividend policy.”

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