DRS Data & Research revenue falls
DRS Data & Research Services reported an 8.2% drop in overall revenue, despite a solid performance from its education business, as non education revenue plummeted over 50%.
DRS Data & Research Services reported an 8.2% drop in overall revenue, despite a solid performance from its education business, as non education revenue plummeted over 50%.
Group revenue fell to £13.62m in the first 10 months of the year from £14.83m a year earlier.
Its education business performed well with revenue increasing by 2.6% to £12.3m in the ten months to the end of October compared to the year before. Education revenue accounts for 90% of DRS' revenue compared with 81% last year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Non-education revenue slumped 54.4% to £1.3m due to their being no large census contracts this year, the group explained.
DRS said that as a result of the continued contribution from the education business and the strong control of costs, the directors expect the results for the year to the end of December to be in line with market expectations.
--
cj
-
-
Act now: First Direct’s £175 switching bonus ending soon
First Direct has launched a £12,500 prize draw on top of its £175 cash bonus - but they both finish soon, so you’ll need to be quick
By Vaishali Varu Published
-
Credit card providers slash 0% balance transfer deals
Customers face a double whammy of rising interest rates and shorter 0% balance transfer periods. We look at what’s going on in the credit card market and why you’ll need to act fast to get the top 0% balance transfer deal
By Ruth Emery Published