RM H1 profit drops
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Educational computing specialist RM Group posted a decline in half year pre-tax profit while expectations for the full year remain unchanged.
Pre-tax profit fell to £0.2m for the six months to 31 March 2008 against a profit £5.6m the year before. Revenue rose to £117.7m from £115.6m the year before following significant growth at its Education Resources unit.
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"Delays in some new product and service areas have shifted some revenue into the second half, this is a transitory effect though and the board's expectations for the full year remain unchanged," said RM in a company statement.
The board said the interim dividend will be increased by 6% to 1.26p per share "reflecting continued confidence in the group's progress."
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