Services group sees half yearly revenue and profit fall but order book expands by a third
Building services group T. Clark saw revenue and profits over the previous six months fall compared to last year but has boosted its order book by almost a third.
Results for the half year ending 30 June show that revenue stood at £85.7m, down from £93.2m a year ago.
Profit dropped by almost a quarter, dipping from £4m to £3.2m. The firm’s order book expanded from £170m in 2009 to £220m this year.
Current projects include the 2012 Olympic Stadium and Stratford City Shopping Centre.
Two days ago the company announced it had acquired DG Robson Mechanical Services, a mechanical services and public health contractor for a total consideration of up to £6.15m.
Mark Lawrence, chief executive, said: “I am pleased to report that the group has maintained its market share in the period and has secured some of the most significant projects available despite a continuing tough and challenging environment.
“All of us within the business are focused on securing revenues with acceptable levels for 2011 and beyond, but we must remain vigilant both in terms of risk and opportunities.”