Record (REC)

Sector:

Financials

Index:

FTSE Small Cap

63.20p
   
  • Change Today:
      1.10p
  • 52 Week High: 98.00
  • 52 Week Low: 62.10
  • Currency: UK Pounds
  • Shares Issued: 199.05m
  • Volume: 46,564
  • Market Cap: £125.80m

Record H1 pre-tax profits double on improved revenue and margins

By Iain Gilbert

Date: Tuesday 23 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Management consulting company Record said on Tuesday that pre-tax profits had doubled in the six months ended 30 September thanks to improved revenues and increased operating margins.
Record stated that interim pre-tax profits had increased 100% to £5.2m during the half, driven by a 38% improvement in revenues to £16.3m and a widening of its operating margin from 22% to 32%.

Basic earnings per share also improved, up from 1.10p at the midway point of 2020 to 2.08p in 2021.

As a result, Record said it had opted to hike its interim dividend by 56% to 1.80p per share.

Chief executive Leslie Hill said: "Over the last 18 months, our business has faced this challenge head-on and we have now started to see the tangible benefits in the form of a more diversified business aligned with stronger financial performance.

"Such transformational change is never easy. However, we have an excellent team and strong relationships both with clients and our partners, which I believe will continue to deliver growth and achieve our goal of building a more modern, profitable and diversified business."

As of 0935 GMT, Record shares were up 8.45% at 77.0p.

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Record Market Data

Currency UK Pounds
Share Price 63.20p
Change Today 1.10p
% Change 1.77 %
52 Week High 98.00
52 Week Low 62.10
Volume 46,564
Shares Issued 199.05m
Market Cap £125.80m

Record Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
42.63% below the market average42.63% below the market average42.63% below the market average42.63% below the market average42.63% below the market average
29.31% below the sector average29.31% below the sector average29.31% below the sector average29.31% below the sector average29.31% below the sector average
Income Not Available
Growth
72.06% above the market average72.06% above the market average72.06% above the market average72.06% above the market average72.06% above the market average
75.70% above the sector average75.70% above the sector average75.70% above the sector average75.70% above the sector average75.70% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Record Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Nov-23 13-Jul-23
Paid 22-Dec-23 09-Aug-23
Amount 2.15p 2.45p

Trades for 28-Mar-2024

Time Volume / Share Price
12:15 434 @ 63.45p
12:12 11,354 @ 63.20p
11:41 3,000 @ 64.27p
11:02 6,200 @ 64.00p
10:31 1,402 @ 63.35p

Record Key Personnel

CFO Steve Cullen
CEO Jan Witte

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