9th Apr 2019 11:29
LONDON (Alliance News) - Billington Holdings PLC on Tuesday reported a "record" performance as profit and revenue rose in the latest year, as it looks with confidence at 2019.
Billington shares were trading up 11% at 309.90 pence each on Tuesday morning.
For 2018, the construction safety solution specialist posted a pretax profit of GBP4.9 million, 11% higher than the previous year's GBP4.4 million.
Revenue rose 5.2% year-on-year to GBP77.3 million from GBP73.5 million.
"We are delighted at the progress which has been made across all our group companies during 2018 and this has helped Billington deliver a record performance," Chief Executive Officer Mark Smith said.
"The level of secured work Billington takes forward into 2019 is unprecedented and ensures that we can look to the future with optimism. Undoubtedly 2019 will present its challenges, however, we are confident it will be another successful and progressive year for the group."
The company upped its dividend by 13% to 13.0p per share from 11.5p a year ago.
Looking ahead, Billington reported a "strong start" to 2019 with "robust" forward order book and solid pipeline of potential new orders.
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