M&E contractor’s profits offer new ray of hope

T Clarke has revealed that pre-tax profit in 2008 is expected to be materially above expectations.

The m&e contractor performed well during the year and, following a post year end contract review, has reported that underlying operating profit for the year is set to be significantly higher than current market expectations.

While the board expects to make certain provisions in 2008 for impairment of goodwill, reported profit before taxation for 2008 is also expected to be materially above current market expectations.

The board remains confident in the resilience of the business going forward despite the economic climate.

T. Clarke will announce its preliminary results for the year ended 31 December 2008 on Thursday 19 March 2009.