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RPS Group 2020 Fee Revenue To Dip But Profit Will Meet Forecasts
Wed, 20th Jan 2021 11:34
(Alliance News) - RPS Group PLC said Wednesday its fee revenue in the fourth quarter was down on the year before, but the company has experienced sequential improvement throughout 2020.
In the final three months of 2020, the professional services firm recorded fee revenue of GBP115.8 million, down from GBP130.3 million a year before.
RPS defines, designs and manages projects in the six sectors: property, energy, transport, water, resources, and defence & government services.
RPS noted there was a sequential improvement in revenue, at constant currency, in the fourth quarter, with third quarter revenue at GBP109.0 million - 16% below the prior year - and the second quarter at GBP107.0 million - 18% down annually. First quarter revenue was GBP125.4 million, 4.1% below the prior year, having seen only some early impact of Covid-19. ....

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