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TClarke on course

By BFN News | 07:30 AM | Friday 15 January, 2016


Building services group TClarke says its underlying performance since the interim management statement on 19 November has remained encouraging and the board expects full-year results to be in line with forecasts. The group says its cash position improved significantly during the second half of the year as major new contracts came on-stream. The Group finished the year with net cash of GBP6.6m (31st December 2014: GBP5.3m). It adds: "Confirming that we have maintained our market share, our replenished forward order book as at 31st December 2015 remained at a similar level to the end of the previous year and stood at £300m (31st December 2014: £300m). Our markets remain active, and the Group is tendering for work across its target markets, particularly for projects stretching into 2017. The Group continues to focus on opportunities consistent with our strategy to drive margin improvement." Story provided by StockMarketWire.com

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