28th Mar 2022 12:49
Hercules Site Services PLC - Cirencester, England-based labour supply company for the infrastructure sector - Nearly halves pretax profit in the year ended September 30 as figure drops to GBP515,517 from GBP1.0 million year-on-year. Pretax profit before exceptional non-recurring items, such as IPO costs, rises 40% to GBP1.4 million. Revenue rises 43% to GBP32.8 million from GBP23 million. Proposes an inaugural dividend of 1.7 pence per share.
Chief Executive Brusk Korkmaz says: "Our results for the period show a strong and rapid bounce-back from 2020, where our year-on-year growth track record experienced an interruption due to the impact of Covid on the construction and infrastructure sectors. They also show that we have delivered solid growth on the prior, non-Covid year of 2019, thanks to our reputation in the industry for our ability to quickly meet our blue-chip clients' labour needs through our use of proprietary digital technology."
Current stock price: 47.40 pence, down 1.3% in London
12-month change: down 11%
By Heather Rydings; [email protected]
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