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TClarke sees 2018 profit rising despite weaker revenue

By BFN News | 02:13 PM | Friday 18 May, 2018


Building services group TClarke said it expected to post an increase in profit this year despite a slide in revenue. Pre-tax profit in calendar 2018 was expected to amount to £7.0m, on revenue £300m, the company said. Last year, the company booked an underlying pre-tax profit of £6.5m, on revenue of £311.2m. At 30 April, the company's forward order book stood at £368m, up from £337m at 31 December. 'Encouragingly, we are seeing no lack of opportunities, but we maintain a strict policy only to bid for projects that meet our internal risk analysis and where we are comfortable with the covenant and market reputation of the contractual counterparty,' TClarke said. At 2:13pm: (LON:CTO) Clarke T PLC share price was +3.1p at 84p Story provided by StockMarketWire.com

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