IN BRIEF: RM Cancels Interim Dividend Payout As Earnings Plunge

RM PLC - education sector-focused technology supplier based in Abingdon - Posted pretax profit ...

Alliance News 7 July, 2020 | 12:52PM
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RM PLC - education sector-focused technology supplier based in Abingdon - Posted pretax profit for first half ended May 31 of GBP2.2 million, down 74% from GBP8.4 million the year prior. Revenue was GBP79.3 million, down 17% from 95.5 million. Decline attributed to lower performance in RM Resources as schools shut in response to Covid-19. No interim dividend was declared, down from 2.0 pence payout the year prior.

Looking ahead, RM says future demand is difficult to predict but says it expects to remain profitable in the second half of the year. Cash held as at May end was GBP3.9 million.

Current stock price: 243.00p

Year-to-date change: down 13%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
RM PLC 240.00 GBX 8.60 -

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