Chairman's Statement
RM plc ("RM"), the leading supplier of IT software, services and systems to
education in the UK, announces results for the six months ended 31 March 1997. Financial Highlights:
Commenting today, Mike Fischer, Chief Executive said:
"Despite challenging market conditions, RM achieved good profits growth during the six months and continued to gain new customers in its core schools' market.
"Looking ahead, the seasonal nature of the Group’s business always makes predicting the outcome of the full year difficult. However, the Board is encouraged by the progress made in the first half year and the outlook remains positive.
"The rapid acceptance in schools of two major new application areas, integrated learning systems and the use of the Internet, reflect the increasing benefits which IT is bringing to education. This, together with the continuing development of the Group's market position and products, confirms our view that the Group is well placed for further growth."
Mike Fischer, Chief Executive RM plc 01235 826 008
Mike Greig, Finance Director
Andrew Fenwick Brunswick 0171 404 5959
Philippa Power
Consolidated Profit and Loss Account
Consolidated Cash Flow Statement
Notes to the Financial Statements
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
