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CTO Tclarke Plc

123.50
-0.75 (-0.60%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tclarke Plc LSE:CTO London Ordinary Share GB0002015021 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.75 -0.60% 123.50 122.50 125.00 123.00 123.00 123.00 72,964 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Trade Contractor,nec 426M 8.4M 0.1589 7.74 65.01M

Clarke(T.) PLC AGM Statement (2409E)

05/05/2017 7:00am

UK Regulatory


Tclarke (LSE:CTO)
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TIDMCTO

RNS Number : 2409E

Clarke(T.) PLC

05 May 2017

TClarke

AGM AND TRADING UPDATE

Ahead of the Annual General Meeting, being held today at 10.00am at 200 Aldersgate, St Paul's, London EC1A 4HD, TClarke plc ("TClarke" or the "Group") the Building Services Group, issues a Trading Update covering the period from 1(st) January 2017 to date.

We are pleased to announce that recently secured projects include:

   --    Dyson, New Research and Development Campus Development at Hullavington Airfield, Wiltshire 

-- A two-year extension to the Term Contract at Westinghouse Springfields (Nuclear Fuels), Preston

   --    20 St. James Street, London Office Refurbishment Scheme 
   --    Thomson Reuters HV Infrastructure Upgrade 
   --    The Reach Free School, Rickmansworth 
   --    Gloucester Royal Hospital - MRI Installation 

-- Royal Cornwall Hospitals Trust - three year Term Contract for the provision and maintenance of Security Systems, CCTV and Access Control

   --    Avant Homes, Blantyre, Glasgow - Residential Plumbing and Heating Scheme 
   --    Shackleton Building, Nurse Teaching Facility at University of Sunderland 
   --    Robertson Homes, Bearsden, Glasgow, Residential Plumbing and Heating Scheme 

Our confidence for the medium term is underpinned by this ability to secure significant projects in the markets where we operate. As a result of new project wins our replenished order book has for the first time surpassed GBP400 million and as at the 30(th) April stood at GBP402 million an increase of 22% since the beginning of the year.

As a result of the strengthening order book and based upon current project programmes we expect revenues and profits for 2017 to be ahead of current market expectations, which are revenues of GBP300 million, underlying profit before tax of GBP6.1 million and underlying EPS of 11.3p.

Our direct workforce is valued by our clients and we believe this contributes to our success. We will continue to target opportunities to match planned capacity and resources with a focus on projects which further improve the margin profile of the business.

The next update is scheduled for 8(th) August 2017 with the release of the Group's interim results.

ENDS

Date: 5(th) May 2017

For further information contact:

 
 TClarke plc 
 Mark Lawrence             Martin Walton     David Lanchester 
 Chief Executive Officer   Finance Director  Company Secretary 
 Tel: 020 7997 7400 
 www.tclarke.co.uk 
 N+1 Singer (Financial     RMS Partners 
  Adviser and Broker) 
 Sandy Fraser              Simon Courtenay 
 Rachel Newton             Tel: 020 3735 
                            6551 
 Tel: 020 7496 3000 
 www.nplus1singer.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGMDMGGKDDGGNZM

(END) Dow Jones Newswires

May 05, 2017 02:00 ET (06:00 GMT)

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