- Education services provider RM posted a rise in first-half profit after it improved its margins.

Pre-tax profit for the six months through May rose 21% to £6.8m, as revenue rose 1% to £95.5m.

The company's adjusted operating margin jumped to 10.2%, up from 8.8%.

RM declared an interim dividend of 2.0p per share, up 5% on-year.

'The first half of the year has seen steady progress with profit growth in our two education technology divisions, RM results and RM education whilst the resources division continues to progress its organisational consolidation against a challenging UK market backdrop,' chief executive David Brooks said.

'In June this year, we concluded the acquisition of the assessment software provider, SoNET, which demonstrates our ambition to invest in new technology.'

'The interim dividend has been increased by 5% and our outlook remains to deliver full year expectations.'

At 8:12am: [LON:RM.] RM PLC share price was +6.5p at 259.5p

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