T Clarke’s underlying profit is comfortably ahead of our expectations (PBT of £3.7m versus our £3.3m estimate), confirming another strong improvement in performance and margins during 2015. The London market has been the major driver of the improved profitability but it is also very encouraging that order books across the regions are at their highest ever level. 2016 has begun with real momentum and we upgrade our forecasts again today, having upgraded as recently as November. In our view, the c ....
22 Mar 2016
Record revenues, profit ahead of expectations
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Record revenues, profit ahead of expectations
TClarke plc (CTO:LON) | 161 0.8 0.3% | Mkt Cap: 85.0m
- Published:
22 Mar 2016 -
Author:
James Tetley -
Pages:
5
T Clarke’s underlying profit is comfortably ahead of our expectations (PBT of £3.7m versus our £3.3m estimate), confirming another strong improvement in performance and margins during 2015. The London market has been the major driver of the improved profitability but it is also very encouraging that order books across the regions are at their highest ever level. 2016 has begun with real momentum and we upgrade our forecasts again today, having upgraded as recently as November. In our view, the c ....