Real Time Doubles Full-Year Earnings Increasing Cash Flows Allow It Consultancy to Pay Off Loans

Summary

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REAL Time Engineering, the Glasgow-based IT consultancy, saw profits more than double last year as increasing cash flows allowed it to pay off its bank loans and overdrafts.

Commitments to banks and hire purchase were cut to nil by the end of the year, helping to slash interest payable on Real Time's debts to pounds-10,843 from pounds-17,645 previously. Interest receivable also shot higher, helping to boost pre-tax profits for the year to September 30 to pounds-550,749 from pounds-206,662.

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Real Time Doubles Full-Year Earnings Increasing Cash Flows Allow It Consultancy to Pay Off Loans

After paying no dividend the previous year, directors this time opted to shell out a...

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