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Diales Group PLC on Tuesday reported underlying operating profit ahead of expectations, and predicted ‘strong demand’ going forward. The London-based consultancy, which serves the construction and engineering industries, said continuing revenue was ‘stable’ at £43.0 million for the 12 months ended September 30, unchanged from the prior year. Diales’ dividend for the period was also unchanged at 1.5 pence per share. Pretax profit increased to £1.3 million from £916,000. Underlying operating profit rose 17% to £1.4 million, which Chief Executive Officer Mark Wheeler said was ‘slightly ahead of expectations’, from £1.2 million. ‘I am pleased to report that Diales continues to make good progress with the transformation strategy...Over the last three years we have continually improved our profitability (from continuing operations) and appointed a number of strategic new hires,’ Wheeler added. Looking ahead, he commented: ‘There is a strong pipeline of new business leads across our key markets which signals a good start to FY2026. ‘We anticipate strong demand for our expert services and operational improvements from our ongoing IT investment, which will further strengthen shareholder returns.’ The company said its pipeline is ‘promising and convertible’, and that it expects the momentum from the second half of the year to continue into the first half of the current year. Shares in Diales were 8.4% higher at 19.51p in London on Tuesday. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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