|
Financial highlights: |
Change |
2017 |
|
2016 |
|
|
Revenue from continuing operations |
+12% |
£311.2m |
|
£278.6m |
|
|
Operating profit – underlying1,2 |
+6% |
£7.3m |
|
£6.9m |
|
|
Operating profit – reported |
+80% |
£7.9m |
|
£4.4m |
|
|
|
|
|
|
|
|
|
Operating margin- underlying1,2 |
-8% |
2.3% |
|
2.5% |
|
|
Profit before tax from continuing operations – underlying1,2 |
+5% |
£6.5m |
|
£6.2m |
|
|
Profit before tax from continuing operations – reported |
+92% |
£7.1m |
|
£3.7m |
|
|
Net cash |
+26% |
£11.7m |
|
£9.3m |
|
|
Earnings per share – underlying2 |
+7% |
12.37p |
|
11.60p |
|
|
Earnings per share – underlying (diluted)2 |
+8% |
12.13p |
|
11.20p |
|
|
Earnings per share – basic |
+147% |
13.44p |
|
5.45p |
|
|
Final dividend per share |
+7% |
2.90p |
|
2.70p |
|
|
Total dividend per share |
+9% |
3.50p |
|
3.20p |
|
|
Forward order book |
+2% |
£337m |
|
£330m |
New project wins since our last announcement include;
ONE Bishopsgate Plaza; 43 storey residential and five star hotel
Beaufort Park, Hendon; three further residential blocks for St George
John Lewis Department Store, Cheltenham
Ark Pioneer Academy; new secondary school in Barnet, London
Sedbergh Sports and Leisure Centre, Bradford
Bath Spa University; School of Art and Design
Aerohub Business Park, Newquay Airport
Argo Global – 1 Fen Court, London; office fit out
University of East Anglia, Norwich; building 60 teaching and laboratory areas
Edison Primary School, Hounslow, London; science specialist free school
Rothesay Pavilion, Bute; restoration of the 1930's Pavilion Building
Hadrian's Tower, Rutherford Street, Newcastle (residential scheme)
Ferry Village, Braehead (residential scheme)
Rolls-Royce, Derby; M&E Services to North Block, B, C, and D Buildings
South Gilmerton, Edinburgh (residential scheme)
HMP Featherstone
Mark Lawrence, Chief Executive commented:
“I am pleased to report that TClarke is in an excellent position. We are focused on the future and have a clear strategy to deliver on our five key strategic markets. We are confident that this will enable us to continue to drive improving returns for our shareholders, as is demonstrated by our setting ourselves the medium term target to increase underlying operating margin to 3%.
Underlying this, TClarke shows strong and improving cash generation, rigorous risk control, excellent revenue visibility, a balanced quality order book and improving profitability. This financial and strategic strength is allowing us to invest for future growth in our markets, driven by investments in infrastructure and the digital world.”