LONDON (Thomson Financial) - RDF Group PLC said first half pretax profit
fell due to increased costs and reduced margins required in order to build its
profile as a niche IT services group, but said it expects to see an improvement
in the second half results compared to the first half.
The company said pretax profit for the six months to Sept 30 fell to 44,000
stg from 603,000 mln stg last year, even as turnover rose to 14.74 mln stg from
10.64 mln stg.
Administrative expenses rose to 1.73 mln stg from 1.32 mln stg, and the cost
of sales rose to 12.67 mln stg from 8.52 mln stg.
The company said the growth in turnover came mainly from the Temporary
Agency and Permanent Recruitment division, but said the need for investment in
the Managed Software business resulted in an overall reduction in profitability.
TFN.newsdesk@thomson.com
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