The Channel logo

News

By | Kelly Fiveash 11th May 2009 10:23

RM sees interim revenues, profit jump

City follows suit

RM shares rose four per cent this morning after the education IT vendor announced a 21 per cent increase in revenue for the six months ended 31 March 2009.

The firm reeled in adjusted first half pretax profit of £0.2m on sales of £141.9m for the period.

RM said the company would jack up its dividend by five per cent to 1.32 pence, and added its outlook for the full year remains on course.

“As we always comment at this stage, the first half of RM's financial year is not a good indicator of results for the year as a whole,” noted RM boss Terry Sweeney.

“However, with the UK education budget for government year 2009/10 up 6 per cent in cash terms, and revenue growth anticipated from BSF, Computrac and general education resources, management's expectations for FY-2009 are unchanged.”

Shares in the firm are currently trading at 148.5 pence, up 4.58 per cent, on the London Stock Exchange. ®

comment icon Read 2 comments on this article alert Send corrections

Opinion

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers