Services group sees half yearly revenue and profit fall but order book expands by a third
黑洞社区 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 拢85.7m, down from 拢93.2m a year ago.
Profit dropped by almost a quarter, dipping from 拢4m to 拢3.2m. The firm鈥檚 order book expanded from 拢170m in 2009 to 拢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 拢6.15m.
Mark Lawrence, chief executive, said: 鈥淚 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.
鈥淎ll 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.鈥�