Record revenue sees profit after tax surge at Billington Holdings

Mon, 23rd Sep 2019

Profit after tax rose from £1.5m to £2.1m as well as a jump of 38.1% in EPS from 12.8p to 17.8p. No interim dividend was declared in line with last year's interims. Revenue jumped from £39.4m to a high of £47.2m. The company reported that momentum from 2018 continuing into the current year with the continued, successful delivery of the large European project with prospect for future works. Mark Smith, Chief Executive of Billington, commented: 'I am very pleased with the Group performance in the first half of the year, continuing the strong momentum from 2018. We started the year with a record order book and consequently the first half has been a very busy period for the Group across all our businesses. We have continued to build our order book with further significant contracts secured.' 'Whilst the overall market continues to be uncertain, the outlook for Billington remains positive, particularly given the Group's ability to target a diverse range of projects insulating us, in part, from any temporary slowdowns in the market. I look forward to the remainder of the year and beyond with cautious optimism.' At 8:01am: (LON:INS) Instem Plc share price was +5p at 380p Story provided by StockMarketWire.com

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