RSM Tenon’s revenue has increased by 31% to
£249m ($394m) in the year to 30 June 2011 from £190m in 2010.
RSM underlying profit, before amortisation of
acquired intangibles, deferred consideration interest and
exceptional items, increased by 14% to £30m.
Profits before tax also increased by 12% to
£27m as did its statutory operating profit by 57% to £14m.
RSM Tenon reported the firms adjusted basic
earnings per share as 6.45p at year-end.
The firm said a reduced dividend of 0.55p per
share allowed them to preserve resources in an unpredictable
business environment.
“The general economic climate is creating a
business environment which is difficult to predict. However, our
balanced profile of services allows us to focus on organic
development, improving returns and reducing net debt. By
maintaining our prudent stance we look forward to further
progress,” RSM chief executive Andy Raynor said.
In the coming year the firm plans to focus on
driving organic development.
