Interior Services Group 2012 Final Results - dividend cut

DividendMax Ltd.

Interior Services Group 2012 Final Results - dividend cut

Interior Services Group plc, the international construction services group, today announces its final results for the year ended 30 June 2012.

 

2012

2011

Revenue

£1,281m

£1,174m

Underlying profit before tax

£7.5m

£12.4m

Profit before tax

£3.0m

£10.2m

Net cash position

£25.4m

£36.1m

Underlying basic earnings per share

18.01p

29.19p

Basic earnings per share

2.43p

22.17p

Total dividend per share

9.00p

15.06p

Group Highlights

  • Revenue up 9% to £1,281m (2011: £1,174m)
  • Lower profits in the UK reflect a challenging economic environment
  • Profits from overseas business nearly quadrupled to £3.5m
  • Developing our international network of offices to continue servicing our blue-chip corporate clients
  • Significant advances in the expanding data centre market
  • Construction activity ahead of prior year on the back of completing substantial projects for the London 2012 Olympic and Paralympic Games following on from the successful delivery of the Velodrome
  • Net cash balance of £25.4m at 30 June 2012 (2011: £36.1m)
  • Order book marginally ahead at £760m (2011: £750m) with private sector bias of 81% (2011: 78%)
  • Total full year dividend at 9.00p per share (2011: 15.06p)
  • Subsequent to year-end, banking facilities renewed until September 2015

Companies mentioned