Outlook is positive3 Apr 2008 12:14
Would appear this Stock is looking strong and Market whispers are saying Buy.
On 02 April '08 Severfield-Rowen plc, the structural steel maker, reported a 41.8 percent increase in underlying pretax profits of 42.9 million pounds for the year to end-December, after strong demand from major projects such as Heathrow's Terminal 5.
Pretax profits, including amortisation and other items, were 38.36 million pounds against 30.29 million pounds in 2006, and revenues were up 1.9 percent at 300.66 million pounds, the company said.
Severfield-Rowen is paying a final dividend of 13.25 pence a share, making a total payout for the year of 20.0 pence a share, 40.4 percent up on 2006.
The company said that despite the global financial and economic outlook, its record order book of 455 million pounds, which includes power stations, hospitals and retail malls, provides a solid platform for growth over the next 12 to 18 months.
'2008 has started well and our outlook is positive,' it said in a statement.