LONDON (Alliance News) - RTC Group PLC Tuesday said it expects its pretax profit for the last financial year to be ahead of market expectations, driven by improved margins and lower administrative expenses.
The recruitment and conferencing company said its revenue for the financial year to December 31 is broadly in line with market expectations, but put the improved outlook on pretax profit down to "a marked improvement" in gross margins, as well as "efficiencies" in administrative expenses.
"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," Andy Pendlebury, chief executive, said in a statement.
RTC said ATA Recruitment had seen a "much improved performance" in the second-half after its restructuring during the first six months of the year, while ATA Global Staffing Solutions' performance was in line with management expectations.
Ganymede Solutions, which recruits semi-skilled and skilled labour for rail, highways and construction, experienced strong sales growth, ahead of management expectations.
RTC shares were Tuesday quoted at 20.00 pence, up 5.00 pence, or 33.3%.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Rtc Grp. (RTC)