RPS.L Share News (RPS)

RPS.L Information

There is currently no data for RPS

REMOVE ADS

IN BRIEF: RPS Group Swings To Interim Loss; Plans Share Placing

Thu, 03rd Sep 2020 10:58

RPS Group PLC - Oxfordshire, England-based environmental, health, safety and risk consulting group - Swings to a pretax loss in the first half ended June 30 of GBP34.1 million from a profit of GBP13.1 million a year prior. Revenue falls 12% to GBP272.4 million from GBP309.7 million the year before. Puts the decrease in revenue down to the impact of Covid-19. Is not proposing an interim dividend, compared to last year's interim dividend of 2.42 pence per share. Chief Executive John Douglas says: "Looking ahead, our businesses serving government and quasi-government organisations have strong order books." Announces share placing at 44 pence each, as well as subscription at the same price, raising approximately GBP555,000 in total. The final number of shares will be determined at the close of a bookbuild. Expects net debt and leverage to increase in the second half, so the share placing will "reduce leverage and improve resilience".

Current stock price: 42.00 pence

Year-to-date change: down 75%

By Greg Roxburgh; gregroxburgh@alliancenews.com