RM back in the black after sale of assets

Educational software supplier RM returned to a profit during the half year ended May 31st after being strenghted by a period of review and restructuring.

Educational software supplier RM returned to a profit during the half year ended May 31st after being strenghted by a period of review and restructuring.

Profit for the six months was £0.6m compared with a loss of £1.8m the same period the previous year, on revenues of £124.7m (2011 H1: £133.0m), boosted by a decrease in operating expenses and sales costs as well as a period of reorganisation which saw it sell a number of business units and ditch 17% of its workers.

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