Sunday, September 19, 2021

Revenue rises at Derby engineering and technical recruitment group

Revenue has risen while pre-tax profit has remained steady at RTC Group, the Derby-based engineering and technical recruitment group, in the six months ended 30 June 2021.

According to unaudited results for the period, group revenue from continuing operations was £40.5m, up from £39.9m in 2020.

Profit before tax meanwhile remained in line with 2020 at £0.2m (2020: £0.2m).

Commenting on the results, Bill Douie, Chairman, said: “The first half of 2021 has been navigated satisfactorily in the continuing environment of the current pandemic. Although the wave which commenced in September/October 2020 did not reach a peak until part way through the first quarter, the general economic environment remained very constrained and much of our business continued to be materially adversely affected.

“Happily, our strong emphasis on infrastructure generally, and railway, which has continued to perform at levels much as in 2020, was aided by early signs of recovery in branch UK recruitment and has made the profitable result for the period possible. Although there is still not a positive environment for the Derby Conference Centre and Hotel, our International Staffing Solutions business has continued at profitable levels.

“During the first six months more positive news on the vaccine roll-out has raised hopes of a period of recovery with a slow and bumpy return to improved profitability. However, there are additional head winds which present challenges for the immediate future and beyond.”

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