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July 9, 1997updated 05 Sep 2016 12:43pm

REAL TIME CONTROL BREAKS INTO EUROPE

By CBR Staff Writer

Watford, Hertfordshire application software developer and point- of-sale system outfit Real Time Control Plc is attributing its increased profits for the year to March 31 to its heightened focus on the software and services business and its entry into Europe. The UK company reported a 5.6% increase on revenue to 2.1m pounds while net profit rose 22.5% to 1.8m pounds. RTC is drawing attention to its operating profit that was up 56% at 2.1m pounds. Chairman Byron Carrell said the company has seen early and encouraging success from our entry into the European markets and said RTC would be looking to widen its grip on the continent by establishing relationships with other organizations to exploit its products. Carrell said the past year saw consumer spending and confidence improving and an increase in the demand for customer service initiatives. The retail market apparently holds long term potential for RTC and the year saw it clinching deals with big names in the UK and Europe including Harvey Nichols, Mothercare and The House of Fraser Plc (CI No 2,952) and a chain of six hundred coffee shops in Germany. RTC’s new commercial venture that provides open systems software, RTC Securis expanded its product range in the year and won a pilot contract with the Royal Mail. Carrell said the uptake of the business had been slower than expected but he is convinced it will improve. The company has proposed a final dividend of 6.0 pence.

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