26th Mar 2019 10:51
LONDON (Alliance News) - TClarke PLC on Tuesday hiked its payout for 2018 after posting revenue ahead of expectations.
The building services company reported 5% growth in annual revenue to GBP326.8 million from GBP311.2 million a year earlier, with pretax profit advancing by 10% to GBP7.8 million from GBP7.1 million. The company expected to report revenue of GBP320 million.
All businesses were profitable, the company noted, with the Central and South West region recording an operating profit of GBP1.8 million compared to a loss of GBP1.8 million in 2017.
TClarke upped its final payout by 15% to 3.34 pence, taking the total dividend for the year to 4.0p, up 14% from 3.50p paid the year before.
"I am pleased to report that TClarke's results for 2018 have exceeded market expectations, delivering on our promise to focus on a quality order book spread across our five key strategic markets," said Chief Executive Mark Lawrence.
"Looking ahead to 2019, with a record forward order book as at the end of February of GBP430 million, the foundations are in place for another strong performance across the group," added Lawrence.
TClarke shares were trading 2.1% higher on Tuesday at 110.00 pence each.
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