Watford, Hertfordshire-based Real Time Control Plc has announced substantially improved results for the six months to September 30, with pre-tax profits up 147.64% to UKP1.05m. The software development company that supplies and services systems for retail electronic point-of-sale equipment saw turnover up 137% to UKP8.5m and net profit soared 196% to UKP840,000. But it is not paying an interim dividend. Like so many companies reporting this half, it says a considerable measure of its success is attributable to the improving UK economic climate. But it remains cautious: it says that the second half of the year is unlikely to be as stunning as the first although full year figures are still likely to be good. Nevertheless, Real Time appears to be a company very much on the rise and it says that in order to turn its healthy interim figures into sustained long term growth it is planning significant expansion of organisational and technical resources. And it says it has the money with which to do this; cash deposits have again increased as working capital and other investments have been funded on strictly controlled criteria.
