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

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs