TClarke - building services firm - Says trading continues to be "encouraging" with all sites now open and improving levels of productivity. Says achieved target 3% underlying operating profit margin in first quarter, broke even on "much reduced" volumes in the second quarter, and expects to return to its target margin in the second half. Proposes interim dividend of 0.75 pence, in line with year ago.
For full-year, TClarke expects turnover to be around GBP240 million and underlying earnings before interest and tax of GBP6 million.
"Assuming there are no further significant business interruptions arising from any widespread secondary lockdown the coard is cautiously optimistic for the medium term outlook and continuing to meet our 3% EBIT margin," says TClarke.
Current stock price: 92.50 pence
Year-to-date change: down 32%
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Tclarke (CTO)