Tclarke (CTO)

Sector:

Construction and Building Materials

Index:

FTSE Fledgling

100.50p
   
  • Change Today:
    -4.50p
  • 52 Week High: 140.00
  • 52 Week Low: 79.20
  • Currency: UK Pounds
  • Shares Issued: 43.05m
  • Volume: 60,872
  • Market Cap: £43.27m
  • RiskGrade: 189

TClarke unveils annual profit decline in tough construction market

Date: Tuesday 19 Mar 2013

LONDON (ShareCast) - UK building services contractor TClarke reported a 75 per cent drop in annual pre-tax profits on Tuesday, reflecting market challenges and property disposal.

Profit before tax for the year ended December 31st, 2012, came to £1.2m, down from £4.9m the previous year which benefited from a £2.2m property disposal.

The firm said underlying operating profit fell to £2.9m from £4.7m, blaming margin pressures in the market. Underlying operating profit margin dropped to 1.5% from 2.6%.

However, turnover increased 5.5% to £193.8m, compared to £183.8m in 2011, as the group secured new contracts with the likes of JP Morgan, IMG Media, ITV Studios and Arcadia. The order book grew to £230m from £190m.

"TClarke and our people delivered a solid, profitable performance despite all the challenges of the construction sector," said Chief Executive Officer Mark Lawrence.

"We have an excellent forward order book with good visibility to a number of fully committed high quality opportunities particularly in the London commercial market."

The company improved its net cash position to £5.6m at year-end, up from £0.6m a year earlier.

TClarke proposed a final dividend of 2.0p per share, in line with the last year.

Looking ahead, the group expects to experience fierce competition for available workload and continuing margin pressure in 2013.

Shares declined 1.52% to 54.90p at 08:24 Tuesday.

RD

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tclarke Market Data

Currency UK Pounds
Share Price 100.50p
Change Today -4.50p
% Change -4.29 %
52 Week High 140.00
52 Week Low 79.20
Volume 60,872
Shares Issued 43.05m
Market Cap £43.27m
RiskGrade 189

Tclarke Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
40.91% above the market average40.91% above the market average40.91% above the market average40.91% above the market average40.91% above the market average
28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average
Income Not Available
Growth
51.66% above the market average51.66% above the market average51.66% above the market average51.66% above the market average51.66% above the market average
28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average

Tclarke Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 25-Apr-19
Paid 04-Oct-19 24-May-19
Amount 0.75p 3.34p

Trades for 18-Oct-2019

Time Volume / Share Price
15:45 980 @ 101.10p
15:37 1,956 @ 101.10p
15:32 2,000 @ 102.00p
15:25 686 @ 100.00p
15:25 5,000 @ 100.00p

Tclarke Key Personnel

CEO Mark Lawrence
Finance Director Trevor Mitchell

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