Preliminary Results for the year ended 31 December 2008 - [Trading News]

T. Clarke plc has announced its preliminary results for the year to 31st December 2008.

• Group Turnover up 15.4% to £223.7m (2007: £193.8m)
• Adjusted Profit Before Tax* up 86.1% to £15.2m (2007: £8.2m)
• Profit Before Tax up 64.0% to £13.4m (2007: £8.2m)
• Adjusted EPS* up 85.8% to 26.63p (2007: 14.33p)
• Basic EPS up 54.4% to 22.12p (2007: 14.33p)
• Final Dividend up 8.0% to 8.75p (2007: 8.10p)
• Total Dividend for the year up 8.3% to 13p (2007: 12p)

* Adjusted figures are calculated before goodwill impairment of £1.8m
 
Pat Stanborough, Chief Executive commented:

"Last year was an excellent year for T. Clarke and I am very pleased with the Group's performance. Having been selected for a number of major projects our reputation remains as the leading electrical contractor in the UK. To win projects such as the Olympic Stadium demonstrates the quality of projects that we are associated with.

"  While market conditions remain challenging and visibility on future workload is more limited now than it has been for some time, we continue to further diversify our business both in terms of sector and geography, so that we are not overly dependent on any one sector.   We anticipate 2009 revenues to be at more modest levels, however our reputation for quality service and our strong balance sheet should position us well to take advantage of opportunities as they arise."

For further information contact:
T. Clarke plc
Pat Stanborough, Chief Executive
Victoria French, Finance Director
Tel: 020-7358 5000

City Profile
Jonathan Gillen / William Attwell
Tel: 020-7448 3244
Email: tclarke@city-profile.com

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