Thursday July 31, 09:22 AM
RPS Group confident about prospects after robust H1
LONDON (Thomson Financial) - Environmental consultancy services company RPS Group PLC. said it is confident about prospects after it reported a 32 percent rise in profit before tax and amortisation for the six months ended June 30 2008 to 28.5
million pounds.
Revenue for the half-year grew 30 percent to 225.9 million pounds and earnings per share were 9.49 pence, up from 7.31 pence in 2007.
The board raised the interim dividend by 15 percent to 1.75 pence per share.
RPS said all three of its divisions substantially increased operating profit in the period.
It also said its balance sheet remains strong with net bank borrowings at 38.8 million pounds, up from 27.4 million a year earlier. The group has committed bank facilities of 100 million pounds extended to 2013.
In comment alongside the figures chairman Brook Land said the group's strategy of supplementing organic growth with the acquisition of quality businesses continues to be successfully implemented. He said further acquisitions are being considered.
'RPS is diverse and resilient, with a proven business model. Our broad range of services combined with our expanding geographic footprint, gives the board continuing confidence about prospects for the group.'
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