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RPS struggles after “difficult” year

The global professional services group saw slower activity in Australia while its consulting business was hindered by Brexit uncertainty
RPS struggles after “difficult” year

RPS’s (RPS) statutory operating profit plunged over three-quarters to £10.9m in 2019, weighed down by a £19.8m impairment on its Australian business. As described at the half-year stage, state elections there disrupted infrastructure spending while the federal election delayed major defence projects. This was in addition to a subdued property market. Conditions improved in the second half, but the rally was weaker than expected.

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