plc - Interim Results for the six months ended 31 March 1996

Monday, 20 May 1996

RM plc ("RM"), the leading supplier of IT software, services and equipment to UK education, announces results for the six months to 31 March, 1996.

Financial highlights:

Turnover up 34% to £45.2 million (1995: £33.6 million)

Operating profit up 37% to £1.1 million (1995: £794,000)

Profit before tax up 27% to £1.32 million (1995: £1.04 million)

Fully diluted earnings per share up 25% to 5.0p (1995: 4.0p)

Proposed interim dividend of 1.8p per share (1995: 1.5p), an increase of 20%

Commenting today, Mike Fischer, Chief Executive, said:

"During the six months RM achieved a rate of growth that outpaced that of the market for IT in education and confirmed the Group's position as the leading supplier of IT software, services and equipment to UK education.

"Looking ahead, the seasonal nature of RM's business makes predicting the outcome for the full year difficult. However, the Board are encouraged by the progress made in the first half year and view the future with confidence."

Enquiries to:-

            Mike Fischer, Chief Executive            RM plc                 01235 826 000      
            Mike Greig, Finance Director

            Andrew Fenwick                           Brunswick              0171 404 5959
            Philippa Power

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The following pages contain tables, so are best viewed using Netscape 2.02

Chairman's Statement

Consolidated Profit and Loss Account

Consolidated Balance Sheet

Consolidated Cash Flow Statement

Notes to the Interim Statements

Copies of the Interim 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

plc - Interim Results for the six months ended 31 March 1996

Enquiries to:-

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