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Dawson Holdings (DWN)     

moneyman - 28 May 2009 19:39

Financial performance summary:
* All four divisions traded in line with our expectations (before contract losses)
* Revenue GBP376.4m (2008: GBP388.7m)
* Operating loss of GBP16.7m after one off impairment and reorganisation costs
GBP23.5m
* Underlying* operating profit up 10% to GBP6.8m (2008: GBP6.2m)
* Underlying* earnings per share up 21% to 6.4p (2008: 5.3p)
* Average net debt, following significant investment, rose marginally to GBP17.3m
(2008: GBP16.5m)
* Dividend payments suspended: to conserve cash and protect financial position.
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