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LONDON (Alliance News) - Building services company T Clarke PLC Friday said it is trading in line with its expectations, though it anticipates an improvement in its performance over the course of the year.
T Clarke said the first quarter is typically its quietest period of the year and maintains its view that it will not see meaningful margin improvement until the latter part of 2015.
The group said its revenue in the first four months to April 30 was GBP72 million, up from GBP70 million a year earlier. It order book has also been maintained in the first four months at GBP300 million, against GBP265 million a year earlier. T Clarke said it has secured 84% of its target revenue for 2015, backing its outlook for the year.
Shares in T Clarke were down 2.8% to 70.25 pence on Friday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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