We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rps Group Plc | LSE:RPS | London | Ordinary Share | GB0007594764 | ORD 3P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 221.00 | 221.00 | 222.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRPS
RNS Number : 5497D
RPS Group PLC
01 February 2018
RPS Group plc
("RPS" or "the Group")
Group results for the year ended 31 December 2017
The Group's final results for the year ended 31 December 2017 will be announced on 1 March 2018.
Unaudited results suggest that the Group's trading result for 2017, as measured by PBTA, was approximately GBP54m (2016 GBP50.7m). Profits from each of our segments increased year on year although Energy profits are lower than we expected.
In light of the lower than expected performance of the Energy businesses and uncertain longer-term prospects of the oil industry, the Board has decided to make a goodwill impairment charge of approximately GBP40m in respect of the Energy businesses.
The Board is committed to revitalising our international oil and gas businesses and meeting the challenges of a changing hydrocarbons market and emerging alternatives.
Our conversion of profit into operating cash flow was again strong. Net bank borrowing at 31 December 2017 was approximately GBP80.6m (December 2016 GBP83.4m).
RPS will report its 2017 segmental results consistent with the presentation that was used in 2016 which reported the results of Energy as a separate segment. The appendix to this announcement shows the Interim Results for the six months ended 30 June 2017 restated to be consistent with this revised segmentation.
1 February 2018
Enquiries: RPS Group plc Tel: 01235 863206 John Douglas, Chief Executive Gary Young, Finance Director Instinctif Partners Tel: 020 7457 2020 Justine Warren Matthew Smallwood
The above announcement contains inside information for the purposes of the Market Abuse Regulation.
RPS is an international consultancy providing advice upon the development and management of the built and natural environment; the planning and development of strategic infrastructure, and the evaluation and development of energy, water and other resources. We have offices in the UK, Ireland, the Netherlands, Norway, the United States, Canada, Australia, Malaysia, New Zealand and undertake projects in many other parts of the world.
This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses of RPS Group plc. These statements involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements.
Appendix
Segmental Results for the 6 months ended 30 June 2017 as restated Intersegment External GBP000s Fees Expenses revenue Revenue --------------------- --------- ----------- --------------- --------- BNE - Europe 147,014 20,006 (536) 166,484 BNE - North America 35,221 2,232 (123) 37,330 Energy 33,209 5,835 (686) 38,358 AAP 66,970 5,593 (219) 72,344 Group eliminations (1,359) (205) 1,564 - Total 281,055 33,461 - 314,516 --------------------- --------- ----------- --------------- --------- Underlying Reorganisation Segment GBP000s profit costs profit --------------------- --------- ----------- --------------- --------- BNE - Europe 19,517 - 19,517 BNE - North America 4,411 (109) 4,302 Energy 2,998 (236) 2,762 AAP 8,302 (349) 7,953 Total 35,228 (694) 34,534 --------------------- --------- ----------- --------------- --------- Segmental Results for the 6 months ended 30 June 2017 as originally presented Intersegment External GBP000s Fees Expenses revenue Revenue --------------------- --------- ----------- --------------- --------- Europe 164,449 23,474 (398) 187,525 North America 50,335 4,509 (197) 54,647 AAP 66,970 5,593 (219) 72,344 Group eliminations (699) (115) 814 - Total 281,055 33,461 - 314,516 --------------------- --------- ----------- --------------- --------- Underlying Reorganisation Segment GBP000s profit costs profit --------------------- --------- ----------- --------------- --------- Europe 21,432 (229) 21,203 North America 5,494 (116) 5,378 AAP 8,302 (349) 7,953 Total 35,228 (694) 34,534 --------------------- --------- ----------- --------------- --------- Detailed reclassification for the 6 months ended 30 June 2017 Intersegment External GBP000s Fees Expenses revenue Revenue --------------------- --------- ----------- --------------- --------- Europe (17,435) (3,468) (138) (21,041) North America (15,114) (2,277) 74 (17,317) Energy 33,209 5,835 (686) 38,358 AAP - - - - Group eliminations (660) (90) 750 - Total - - - - --------------------- --------- ----------- --------------- --------- Underlying Reorganisation Segment GBP000s profit costs profit --------------------- --------- ----------- --------------- --------- Europe (1,915) 229 (1,686) North America (1,083) 7 (1,076) Energy 2,998 (236) 2,762 AAP - - - Total - - - --------------------- --------- ----------- --------------- ---------
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTDMGFMNMDGRZM
(END) Dow Jones Newswires
February 01, 2018 02:00 ET (07:00 GMT)
1 Year Rps Chart |
1 Month Rps Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions