- July 26, 2021
- Posted by: Stratford Team
- Category: Business
By Jaime Llinares Taboada
Shares in RTC Group PLC dropped Monday after the company said it expects a period of lag in replacing revenue from its Afghanistan business, and reported a profit for the first half.
The engineering and technical recruitment group said all NATO forces have been withdrawn from Afghanistan, heralding the end of RTC’s main business in that country.
“Replacing that revenue is a high priority and whilst the group continues to service other existing overseas contracts and secure replacement business, we must expect a period of lag in replacing this revenue,” RTC said.
Shares at 0841 GMT were down 15% at 42.50 pence.
In addition, RTC reported a pretax profit of 200,000 pounds ($274,960) for the first half of the year, in line with the same period of 2020. Revenue rose to GBP40.5 million from GBP39.9 million.
Chairman Bill Douie said the general economic environment remained very constrained and much of…
