plc - Results for the year ended 30 September 1995 plc - Results for the year ended 30 September 1995Wednesday 29 November 1995
RM plc ("RM"), the leading supplier of IT services, products and resources to education in the UK, announces results for the year ended 30 September, 1995. The company was floated on the London Stock Exchange in December 1994.
Turnover up 23% to £80.7 million (1994: £65.5 million)
Operating profit up 31% to £4.6 million (1994: £3.5 million)
Profit before tax up 42% to £5.0 million (1994: £3.5 million, excluding £0.2 million of exceptional income)
Fully diluted earnings per share up 32% to 18.8p (1994: 14.2p, excluding exceptional income)
Proposed final dividend of 4.5p, making a total for the year of 6.0p, an increase of 25% (1994: 4.8p)
"The year in which RM listed on the London Stock Exchange was a notably successful one for the Group. There was an excellent performance from RM's mainstream businesses supplying IT solutions to education and we also have made very satisfactory progress in our newer activities that are at the investment stage.
"It is too early in RM's annual business cycle to give an
indication of the likely outcome for the year, particularly in
view of the seasonal nature of the business. However, the Board
believes that growth in turnover will continue in the current
year."
Mike Fischer, Chief Executive RM plc 01235 826 000
Mike Greig, Finance Director
Andrew Fenwick Brunswick 0171 404 5959
Philippa Power
Copies of the Annual Report and Accounts may be obtained after the posting date from the registered office of the Company at:
New Mill House, 183 Milton Park , Abingdon, Oxon, OX14 4SE
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