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TClarke underlying operating profits up

By BFN News | 07:30 AM | Tuesday 22 March, 2016


TClarke reports full year results in line with forecasts with revenues from continuing operations rising to GBP242.4m from GBP207.9m. Underlying profit before tax for the year to the end of December rose to £3.7m (2014: £0.6m) despite tough market conditions and competition within the industry, with underlying earnings per share at 7.11p (2014: 0.85p). Underlying operating profits rose to GBP4.6m from GBP1.3m. The net cash position also improved to £6.7m (2014: £5.3m). The board proposes a final dividend of 2.6p (2014: 2.6p), maintaining the total dividend for the year at 3.1p (2014: 3.1p), reflecting the board's continued confidence in the Group and commitment to shareholders. Chief executive Mark Lawrence said: "Our first class team has the knowledge, skills and reputation to continue to be regarded as one of the best contractors in the sector. This key advantage helps to drive our business forward and deliver value for our shareholders. "The Company is focused on improving performance and margins throughout the Group. We remain alert to any challenges that we may face, yet we approach the future with confidence and enthusiasm. The future for the Group remains solid." Story provided by StockMarketWire.com

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