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TClarke profit slumps as pandemic impact dents construction activity
StockMarketWire.com
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Building services group TClarke reported a slump in annual profit on lower revenue as Covid-19 restriction led to site closures and disrupted construction activity.
For the year ended 31st December 2020, pre-tax profit fell to £1.2 million from £9 million last year as revenue slipped % to £231.9 million.
The company proposed a final dividend of 3.65p (2019: 3.65p), m
Looking to 2021, TClarke said it is 'very strongly placed to continue to grow and deliver outstanding performance and results.'
'Following a slightly slower start we expect revenues and profit to build rapidly throughout the course of the second half of the year as our recently secured projects gain momentum,' it added.
At 9:43am: (LON:CTO) Clarke T PLC share price was 0p at 88.2p
Story provided by StockMarketWire.com
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