Clarke (T) – 81.375p

8 August 2017 – interim results

Results for the six months ended 30 June 2017 have been released.  There was a 17% increase in revenue to £142.8m.  Underlying profit before tax from continuing operations was £2.5m (2016: £2.3m) and underlying earnings per share were 4.80p versus 4.49p a year earlier.  The interim dividend was increased from 0.5p per share to 0.6p.  The forward order book was £392m, significantly higher than the level of £320m a year earlier.  Overall we see no reason to change our BUY rating.

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