RTC Group PLC Trading Update & Notice of Results (1050Y)
January 21 2014 - 2:00AM
UK Regulatory
TIDMRTC
RNS Number : 1050Y
RTC Group PLC
21 January 2014
21 January 2014
RTC Group plc
("RTC", or the "Company" or the "Group")
Trading update and notice of results
The Board of RTC (AIM: RTC.L), a provider of recruitment
services in both the UK and international markets, is pleased to
announce a positive trading update in advance of releasing its
audited final results for the year ended 31 December 2013, which
are expected to be announced on 19 March 2014.
The final results for the financial year to 31 December 2013 are
expected to show a material improvement in profit before tax
against market expectations, reflecting:
-- Group revenue broadly in line with market expectations;
-- a marked improvement in gross margins achieved; and
-- efficiencies in administrative expenses.
In terms of the Group's key recruitment businesses, this
positive news reflects:
-- a much improved performance from ATA Recruitment in the
second half of the year, proving the successful implementation of
the restructuring in the first half;
-- strong growth in sales, ahead of management's expectations, in Ganymede Solutions; and
-- a solid performance, in line with management's expectations,
from ATA Global Staffing Solutions.
Andy Pendlebury, CEO, said:
"I am delighted the Company can provide this trading update. The
economic conditions in many of our markets remain challenging and
competition is fierce, but we continue to drive growth through our
strong brands, our people and attention to excellent service and
quality."
Enquiries:
RTC Group plc Tel: 01332 861844
Bill Douie, Executive Chairman
Andy Pendlebury, CEO
Sarah Dye, Group Finance Director
Allenby Capital Limited (Nominated Adviser and Tel 020 3328
Broker) 5656
Jeremy Porter
Mark Connelly
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTFMGZMNGVGDZM
Rtc (LSE:RTC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rtc (LSE:RTC)
Historical Stock Chart
From Jul 2023 to Jul 2024