RE: Looking ahead results tomorrow26 Mar 2019 08:16
Final results Tuesday 26th March 2019
Mark Lawrence, Chief Executive commented:
"I am pleased to report that TClarke's results for 2018 have exceeded market expectations,
We continue to focus on cash collection and remain debt free. Our clients recognise this as a strength of our business, reflected by the fact 88% of our revenue comes from repeat clients. Our shareholders also benefit, as our strong cash performance has allowed us to recommend a total dividend for the year of 4.0p per share, exceeding market expectations.
Financial highlights: Change 2018 2017
Revenue +5% GBP326.8m GBP311.2m
Operating profit - underlying(1) +21% GBP8.8m GBP7.3m
Operating profit - reported +9% GBP8.6m GBP7.9m
Operating margin- underlying(1) +17% 2.7% 2.3%
Profit before tax - underlying(1) +23% GBP8.0m GBP6.5m
Profit before tax - reported +10% GBP7.8m GBP7.1m
Net cash +6% GBP12.4m GBP11.7m
Earnings per share - underlying(2) +24% 15.38p 12.37p
Earnings per share - basic +12% 14.99p 13.44p
Final dividend per share +15% 3.34p 2.90p
Total dividend per share +14% 4.0p 3.50p
Forward order book +22% GBP411m GBP337m