New products boost restructured RTS

Technology group RTS’s restructuring of its global operations, allied with new products and contracts in its core areas, helped the company post strong half-year results.

Manchester-based RTS said the disposal of its two US plants and changes in management structure, plus improved performance in the nuclear, advanced robotics and pharmaceutical sectors, were behind a 22 per cent rise in turnover to £22.5m, compared to the same period in 2004. Operating profit also rose by a third during the six months to £1.6m.

The company expressed particular satisfaction with its nuclear arm, which enjoyed 36 per cent growth in turnover, despite market uncertainty surrounding formation of the Nuclear Decommissioning Authority in April.

An increase in its activities at Sellafield was complemented by further work at the UK’s Magnox power stations and a first order to carry out work at the Dounreay plant. RTS said its position in the nuclear industry has been bolstered by a teaming arrangement to exploit opportunities in the Canadian market.