12th Sep 2013 06:55
LONDON (Alliance News) - Kier Group PLC(KIE.L) Thursday reported a decrease in pre-tax profit for the full-year, reflecting lower revenues and increased impact of special items. For the year, the company reported profit before tax of 43 million pounds, down from 63 million pounds a year ago. Excluding the impact of of 20.4 million pounds special items, the profit before tax was 63.4 million pounds.
After tax, the profit attributable to the equity holders of the parent was 37.6 million pounds, down from 54.2 million pounds in the previous year. On a per share basis, earnings were 94.8 pence, compared with prior year's 140.1 pence per share. Adjusted earnings per share were 134.9 pence, compared with 154 pence last year.
Revenues for the period dropped to 1.943 billion pounds, from 2.030 billion pounds previous year. The company attributed lower revenues mainly to the reduction in construction revenues.
The company declared a final dividend of 46.5 pence per share, bringing the total dividend for the year to 68 pence per share, payable on November 27, to shareholders of record on September 15.
Looking forward, the company said, "We have secured a number of significant contract wins across all of our businesses which means that we have begun the 2014 financial year in a good position, with all of the Construction division's targeted revenue and 95% of the Services division's targeted revenue currently secured and probable."
Copyright RTT News/dpa-AFX
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