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IN BRIEF: TClarke lifts payout as profit doubles on good margin

14th Jul 2022 14:36

TClarke PLC - London-based building services firm - Pretax profit in the six months to June 30 more than doubles to GBP5.5 million from GBP1.9 million a year before. Revenue rises 49% to GBP206.2 million from GBP138.2 million. Credits the growth to maintaining its operating margin close to target levels of 2.9%. Proposes an interim dividend of 1.25 pence, up 67% from 0.75p. Expects revenue growth to continue throughout the rest of 2022. Anticipates full-year revenue of GBP450 million, ahead of market expectations.

Current stock price: 161.25 pence

12-month change: up 17%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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