Product category:
Building Industry Finance, Law and Insurance
News Release from: Cyril Sweett
Edited by the Buildingtalk Editorial
Team on 30 November 2007
Cyril Sweett Group plc- Interim results
Cyril Sweett Group plc report its first interim results as a publicly listed Group on AIM.
The Group works with and advises government agencies, private sector developers, investors and construction companies, undertaking infrastructure and property projects across a wide range of market sectors Highlights
This article was originally published on Buildingtalk on 11 Apr 2006 at 8.00am (UK)
Related stories
Cyril Sweett plays key role helping Aspire Defence
Cyril Sweett has played a key role in helping Aspire Defence reach the award of the Ministry of Defence's £8 billion 35-year PFI contract to upgrade accommodation.
Cyril Sweett completion of Manchester Arndale
Cyril Sweett has completed the redevelopment of Manchester Arndale.
- Performance ahead of last year and in line with expectations.
- Revenue for the period up 23% to GBP29.3m (2006: GBP23.8m).
- Operating profit up 26% to GBP2.61m (2006: GBP2.07m).
- Pre-tax profit up 23% to GBP2.52m (2006: GBP2.04m).
- Operating profit margin of 8.9% (2006: 8.7%).
- Net debt reduced in the six month period by GBP1.31m to GBP1.91m.
- Earnings per share up 19% to 3.7p (2006: 3.1p).
- Interim dividend 0.80p per share (2006: 0.90p per share).
- Contracted order book stands at GBP67m to 2013.
- Listed on AIM on 31 October 2007.
- Placed 9.1 million new ordinary shares at GBP1.10 per share to raise GBP10m.
- Over 75% of our employees own shares in the Company.
- Appointment of Nick Woollacott as independent Non-Executive Director.
- Board confident of outlook for the full year.
Chairman Francis Ives said: "I am very pleased to announce our first set of results following the AIM listing".
"Our markets are strong, we continue to maintain our margins and we see significant opportunities to extend our activities into new markets overseas".
"The proceeds from the placing will not only support organic growth but will also give us significant opportunity to extend our growth in the UK and overseas through acquisitions".
"I would also like to welcome Nick Woollacott who joined the Board as a Non-Executive Director".
"Nick's depth of experience will no doubt support the Group in realising its plans".
"Current trading is strong and given our clear growth strategy, our values and strong opportunities in our markets, the Board is confident of the outcome for the full year and beyond.".
• Cyril Sweett: contact details and other news
• Email this article to a colleague
• Register for the free Buildingtalk email newsletter
• Buildingtalk Home Page
Search the Pro-Talk network of sites
