28th Jan 2016 10:28
LONDON (Alliance News) - Architect Aukett Swanke Group PLC on Thursday said its pretax profit and revenue both rose in the year to the end of September as it benefited from controlling losses on contract delays and from a lower tax rate.
The company said its pretax profit for the year to September 30 was GBP1.9 million, up from GBP1.4 million a year earlier, as it managed to keep a tight lid on losses from delayed contracts and as it paid a lower effective tax rate, which served to increase its earnings per share by 53%.
Revenue rose to GBP18.7 million from GBP17.3 million, with a good performance in the UK, in line trading in Europe, and as the group continues to expand in the Middle East.
It will pay a final dividend of 0.11 pence per share, taking its total dividend payout for the financial year to 0.22p, up from 0.20p.
"We are very pleased to be reporting a strong set of numbers despite a wide variety of market related issues. Considerable progress has been made in the evolution of the business," said Chief Executive Nicholas Thompson.
Shares in Aukett Swanke were down 5.5% to 6.50p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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