RTC Group PLC Trading Update (3577N)
January 29 2016 - 02:00AM
UK Regulatory
TIDMRTC
RNS Number : 3577N
RTC Group PLC
29 January 2016
RTC Group plc
("RTC", or the "Company" or the "Group")
Trading update and notice of results
The Board of RTC (AIM: RTC.L) is pleased to provide a positive
trading update for its financial year ended 31 December 2015,
advising that it is trading in line with current market
expectations.
In terms of our Group businesses, this positive news
reflects:
-- the successful mobilisation of the five year Network Rail
contract entered into by Ganymede in April with revenues building
to target levels and with all costs of mobilisation fully charged
in the year;
-- a very strong performance from ATA with efficiency continuing
to improve through consultant training, continual process
improvement and technology enhancements;
-- continual, albeit reduced revenues from GSS with new long
term international opportunities yet to be crystalised; and
-- The Derby Conference Centre exceeding management expectations
for the year in a highly competitive local market.
The Group expects to announce its preliminary results on 7 March
2016.
Andy Pendlebury, CEO, said:
"These positive results show that the strategy established by
the Group Board to grow the business is making solid progress and I
believe we now have a sound platform for long term sustainable
growth."
Enquiries:
RTC Group plc
Bill Douie, Executive Chairman
Andy Pendlebury, CEO Tel: 01332
Sarah Dye, Group Finance Director 861 844
Tel: 07766
505 402
WH Ireland (Nominated Adviser and Tel 0113 394
Broker) 6600
Katy Mitchell / Liam Gribben
About RTC
RTC has three principal trading subsidiaries engaged in the
recruitment of human capital resources and the provision of managed
services.
ATA is one of the UK's leading engineering and technical
recruitment consultancies. Supplying white and blue collar
engineering and technical staff to a broad range of SME clients and
vertical markets.
Ganymede is focussed on the supply and operation of blue collar
contingent labour into safety critical markets.
GSS predominantly provides managed service solutions for
international clients.
The Derby Conference Centre provides accommodation for the Group
and hotel and conferencing facilities for local businesses.
www.rtcgroupplc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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