Interim Financial Statement to 30th June 2006 - [T Clarke Group News]

T Clarke Signals Improving Outlook

Highlights

. Profit Before Tax up to £4.0m (2005: £3.6m)
. Turnover increased by 9% to £100m (2005: £92m)
. Basic EPS up 10% to 6.76p (2005: 6.14p)
. Order book grows to £175m
. Interim Dividend up 5% to 3.675p (2005: 3.5p)

Major completions include:   

- DrKW HQ, London
- Nomura House, London
- Chiswick Park, Building 5, London
- Plots 3, 4 and 5 More London
- Wrigleys, Plymouth
 
Major projects won include:

- RBS Aldgate Union, London
- Mizuho Bank, London
- Framwell Gate Hotel, Durham
- Golden Jubilee Hospital, Glasgow
- McMillan Academy, Middlesborough

Pat Stanborough, Chief Executive commented:

"  The market has been challenging during the first half of the year.  Margins have remained under pressure, but we are positive about the future.  Our order book is growing and the prospects for our core business in London are very good.

In the build up to the Olympics in 2012, there are many new major infrastructure projects that are planned to start in 2008.  This combined with a number of large commercial office schemes in central London that are on the starting blocks, bodes well.  All these new projects will put increasing demands on the construction industry.  In anticipation of this work, we are making sure that the group is in the right shape to take advantage of these opportunities.  We have made strides to invest in the ability of the group to manage and deliver this projected increase in workload.

In light of the positive outlook for the group, we have raised the interim dividend by 5%. "

Full Press Release can be viewed on the Investors page.