|
Billington Holdings PLC on Thursday said its annual profit will top market expectations, with the company hailing its ‘strong order book’ and ‘healthy pipeline’. Billington shares rose 11% to 388.00 pence each in London on Thursday afternoon. The Barnsley, England-based structural steel and engineering activities firm said a recovery it enjoyed last year, has continued early in 2023. Chief Executive Officer Mark Billington said: ‘The benefit of efficiency enhancements implemented throughout the group, combined with a strong order book and a healthy pipeline of further opportunities, provides increased confidence in delivering an improved group financial performance. ‘I am therefore pleased to report that I now expect the group to achieve profits for 2023 ahead of current market expectations.’ Billington expects to declare a final dividend for 2022, an outcome also ‘ahead of market expectations’. The company expects to announce final results for 2022 on April 18. Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
