Profit slips at electrican and contracting company after difficulties at two regional businesses
Profit and turnover both dropped slightly at T Clarke in the first half of the year after problems within two of its regional businesses.
The problem regions are understood be Preston and Norfolk.
Pre-tax profit at the electrical engineering and contracting company dropped to £3.9m from £4m, in the six months to 30 June 2007. Turnover fell to £96m, a drop of £4m.
Chief executive Pat Stanborough said: “Despite the recent difficulties the group has faced, the outlook is encouraging. While there are challenges ahead of us, our market is growing in all sectors.”
Despite the fall in profit the board recommended a 6% rise in interim dividend to 3.9p.
Recent project wins at the company include Ropemaker Place in the City of London and Kent International Airport.