RPS Group profit up on N.American shale, UK property recovery

Thu, 27 Feb - 5:32pm

Feb 27 (Reuters) - RPS Group RPS.L , an infrastructure and resources consultant, posted a 5 percent jump in full-year profit, benefiting from the North American shale gas boom and a recovery in the commercial property sector in Britain.

London-listed RPS Group, which advises companies in the property, transport, nuclear and oil and gas sectors, said a slowdown in the Australian resources sector had meant a substantial decline in profit at its Australia-Asia Pacific unit.

Profit before tax and amortisation rose to 63 million pounds ($104.8 million) in the year ended Dec. 31, compared with 60.1 million pounds a year earlier. Revenue increased 2 percent to 567.6 million pounds for the period.

($1 = 0.6011 British pounds)

(Reporting by Richa Naidu in Bangalore; Editing by Gopakumar Warrier)

((richa.naidu@thomsonreuters.com)(within UK +44 20 7542 1810, outside UK +91 806 749 4939)(Reuters Messaging: richa.naidu.thomsonreuters.com@reuters.net))

Keywords: RPSGROUP RESULTS/

URN: 
urn:newsml:reuters.com:20140227:nL3N0LQ4IM:2
Topics: 
CRU ENVS GB CMPNY SHL INDS ENR BLR RTRS BUS RESF EUROPE ENER US OILG IND RES AU EUROP NGS CMSS BSUP COM ASIA LEN BACT WEU MAC NRG ISER AMERS

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