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Interim Results

RM's H1 adj. op. profit steady as dividend lifted

04 July 2017 09:50

RM Plc has posted a H1 adjusted operating profit of £7.1m, unchanged on the year. Interim dividend was 1.65p a share, up from 1.5p.

"Trading in the first six months has been as expected. We have grown our margins to 10.0% with improvements in RM Results and RM Education," said CEO David Brooks.

"RM Resources experienced a more difficult period as demand for discretionary curriculum products continued to be impacted by increased pressure on school budgets.

"We welcome the Connect Education and Care business into the Group and are presently planning for integration. The Board's expectations for the full year results remain unchanged."

At 9:50am: (LON:RM.) RM PLC share price was -0.37p at 174.63p

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