Schools provider RM posted reasonable results for the six months ended 31 March, in what it described as "tough market conditions".

Revenues were up five per cent to £114.2m on the same period a year ago and profit before tax was £2m, reversing a loss of £0.9m last year.

Infrastructure software and services made up £39.9m in sales, education software and services contributed £26.2m, and hardware and distribution brought in £48m.

RM said its Building Schools for the Future (BSF) project had got off to a slower than expected start - to date it has one just one contract in Solihull. The company continues to believe BSF will pay off - but for 2007 it will continue to be an expense. A lot of school spending is seasonal and RM usually does much better in the second half of the year.

More from RM here. ®

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