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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mcalpine (A) | LSE:MCA | London | Ordinary Share | GB0005645394 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 547.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8956W McAlpine (Alfred) PLC 9 January 2001 2000 Trading Update "Yet another very successful year" Alfred McAlpine PLC, the housebuilding and construction services group, is pleased to confirm that 2000 has been yet another very successful year. This follows the strong performance of the Group reported over the last five years. The Company intends to announce its preliminary results for the year ended 31 December 2000 on 15 March 2001 and expects to report highly satisfactory results at that time. Continuing our established strategy in private housing, average selling prices have increased by 18% in 2000 to #133,800, primarily reflecting the movement of our sales mix into the higher value area of the market. Whilst completions are comparable to 1999, this increase in average selling price combined with further improvements across the business has driven the private housing operating margin ahead of our 12% target set for the year 2000. We are targeting higher margins in 2001, based on modest increases in selling prices and further benefits from cost reductions. The changes introduced in 2000 to Homes Division's regional coverage, which are intended to increase both unit sales and profitability in the coming years, are already benefiting the Division, with the London and East Midlands businesses in particular developing well and expected to contribute to growth in 2001. Our land bank and planning consents for the current year place us in our strongest position ever, and reservations have strengthened in recent weeks after a quiet Summer and early Autumn. We view the advent of PPG3 as an opportunity to add to our sustainable growth by using the specialist skills we have within the Group for mixed use schemes. In Construction Services, McAlpine has again produced further growth confirming its position as one of the best performers in the sector. This has been achieved by giving our customers what they want and developing relationships with clients who have longer term horizons. For example, Civil Engineering has negotiated further business in long term infrastructure management and heavy plant support services in the quarrying and materials handling sector. Our asset management team is continuing to extend its operations in a buoyant and expanding infrastructure market. Special Projects is increasing its commitment in its business and property development skills and resources, to enable the generation of further profit and turnover growth towards the end of 2001. We have had further success in our PFI, adding both to our contracts and to our portfolio of investments. Commenting on the trading update, Sir Terence Harrison, Chairman, said: "2000 has proved to be a further year of significant achievement for the Company. We are increasingly confident that McAlpine will continue the strong progress of recent years, and that our unique combination of businesses will continue to prosper." For further information, please contact: Alfred McAlpine PLC 020 7930 6255 Sir Terence Harrison, Chairman www.alfred-mcalpine.com Oliver Whitehead, Chief Executive Jeff Hume, Finance Director Golin/Harris Ludgate 020 7253 2252 Reg Hoare Denise Peplow Peter Gaze ENl TSTDVLFBFFBXBBQ
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