The Channel logo

News

By | John Oates 21st November 2005 10:15

RM ups profits on flat revenues

'Tough market'

Schools provider RM posted flat turnover but a ten per cent increase in profits for the year ended 30 September 2005.

The prelimary results reveal turnover for the period was £263m, the same as last year, but profits were up 11 per cent to £12.8m, from £11.6m in 2004. Profit before tax but after goodwill payments was £5.5m, down from £7.1m last year. Accounting changes mean RM has changed the way it accounts for goodwill coming from acquisitions.

CEO Tim Pearson, said the company had done well against a background of tough market conditions.

He said: "The start of the new financial year has been mixed for RM. We have been appointed preferred bidder for a £6.4 million BSF (Building Schools for the Future) ICT contract - the first to be announced. However, the budget pressures evident in our individual schools market since the start of the new academic year have continued."

More details here.®

alert Send corrections

Opinion

Trevor Pott

Why aren't you, personally, stopping the moronocalypse?
Star Trek Into Darkness

Chris Mellor

Federation fissiparousness to form co-ordinated divisions
iot_internet_of_things

Chris Mellor

EMC is ahead overall with HDS mounting an IoT catch-up

Features

Lego gandalf by https://www.flickr.com/photos/isherwoodchris/  CC 2.0 https://creativecommons.org/licenses/by-sa/2.0/ attribution sharealike
Why interconnectivity in the cloud is tougher than just stacking bricks
Handing over dollars picture via Shutterstock
Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away