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RM PLC - Abingdon, England-based educational technology and digital learning and assessment provider - Pretax loss widens to £6.8 million in the six months to May 31 from £3.1 million a year prior. Revenue falls 9.6% to £79.2 million from £87.6 million. The company says its contract wins have moved towards longer-term, recurring, contracted relationships. Looking ahead, RM expects adjusted operating profit for the financial year to be in line with market expectations. RM says trading in the second half to date has started on an upward trajectory, in line with its own expectations. Chief Executive Officer Mark Cook says: ‘This is an exciting period for RM, and although it will take time for the financial benefits to flow through, I am confident that our strategy for growth will deliver for all our stakeholders. I’d like to take this opportunity to thank everyone for their significant contribution and hard work.’
Current stock price: 74.41 pence per share, down 0.5% Wednesday morning in London
12-month change: down 11%
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