Preliminary Results for the year ended 31 December 2007 - [Trading News]

T Clarke Looks to the Future with Confidence as Outlook Remains Positive

T. Clarke plc has announced it's preliminary results for the year to 31 December 2007.

• Profit Before Tax up 24.2% to £8.2m (2006: £6.6m)
• Group Turnover up 4% to £193.8m (2006: £186.3m)
• Basic EPS up 26.8% to 14.33p (2006: 11.30p)
• Final Dividend up 10.2% to 8.10p (2006: 7.35p)
• Total Dividend for the year up 8.8% to 12p (2006: 11.025p)

Contracts completed during the year included:

• 02 Arena
• RBS, Aldgate Union
• LUL sidings, White City
• Golden Jubilee National Hospital, Glasgow
• Marks and Spencer, Cheshunt
• Bishop Auckland College
• Huddersfield Media Centre
• Waitrose stores at Rickmansworth, Maidstone and Sandhurst.

Contracts in progress during the year included:

• Westfield Shopping Development, White City
• BP2 Tower, Canary Wharf
• Grand Arcade Shopping Centre, Cambridge
• Excelsior Academy, Newcastle
• Kent International Airport.

New contracts secured include:

• Ropemaker Place, London
• Central St Giles, London
• Gloucester Quays
• CSA HQ Falkirk
• Aspire Defence, Tidworth Garrison
• Medway Council Offices, Chatham
• Waitrose stores at Kenilworth and St. Neots.

Pat Stanborough, Chief Executive commented:

" The Group is in good shape. We have a broad spread of businesses across the UK which are trading well. Despite the wider turbulence in the financial markets, we remain encouraged about the strength of the order book and the opportunities for future work. We can see many opportunities and as the Olympic Games development programme accelerates, we remain confident that this will lead to further projects. Additionally, as we build the scale of our regional operations, the group is benefiting from having a broader spread of our activities by both sector and location. This is a positive feature as we are not over reliant on any one client or particular sector.

" The trading result for 2007 is encouraging and, once again, we have increased the dividend. We have taken action to turn round the small number of underperforming businesses in the Group. We remain the market leader in our sector and looking forward, the prospects for the whole Group remain encouraging."

More information can be found on the Investors page. (opens in the same window)