StockMarketWire.com - Engineering and technical recruitment firm RTC Group posted a modest fall in first-half profit, as uncertainty around Brexit negotiations hurt sales at its ATA division and expenses rose.

Pre-tax profit for the six months through June fell to £0.71m, down from £0.77m on-year.

Revenue from continuing operations rose to £46m, up from £41m, with improvements at Ganymede and GSS, though revenue fell at ATA fell 11%.

RTC declared an interim dividend of 1.4p per share, up from 1.3p on-year.

'Ganymede continues to perform well with enhanced volumes on its Network Rail contract and GSS has increased its presence internationally,' chairman Bill Douie said.

'ATA has encountered headwinds due to uncertainties over our future relationship with the European Union.'

'However, although the fog has not lifted in the political arena and, therefore, by extension in industry and commerce, we remain confident of continuing our satisfactory performance in the second half of 2019 and as such are maintaining our progressive dividend policy.'



Story provided by StockMarketWire.com