Business
Half Yearly Report
Half Yearly Report.
About this update from Billington Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0868O Billington Holdings PLC 13 September 2011 \n \n\nPress Release 13 September 2011\n\nBillington Holdings Plc\n\nBillington Holdings Plc\n(\"Billington\" or \"the Group\")\n Interim Results\n \nBillington Holdings Plc (AIM:BILN), one of the UK's leading structural steel and construction safety solutions specialists, today announces its interim results for the six months ended 30 June 2011.\n \n\n\n\n\n\n\n\n2011\n\n\n2010\n\n\n\n\nRevenue\n\n\n£22.8 million\n\n\n£21.3 million\n\n\n\n\n(Loss)/profit before tax from continuing operations\n\n\n(£0.6 million)\n\n\n£1.1 million\n\n\n\n\nOverall (loss)/profit for the half year \n\n\n(£0.4 million)\n\n\n£0.8 million\n\n\n\n\nCash and cash equivalents\n\n\n£2.7 million\n\n\n£6.9 million\n\n\n\n\n(Loss)/earnings per share from continuing operations\n\n\n(3.5 pence)\n\n\n6.7 pence\n\n\n\n\nTotal dividend payment\n\n\n0 pence\n\n\n2.75 pence\n\n\n\n\n \n \nHighlights\n \n· Results in line with expectations\n· Seven per cent increase on revenue growth, albeit at depressed margins, is an indicator of the Group's growing market share\n· Joint Venture with Bourne Steel to form BS2 enables the Group to bid for larger projects \n· Acquisition of Marshall Steel Stairs, a complementary business with an excellent reputation \n· Sustained growth in 'easi-edge' and 'hoard-it' due to high utilisation of products and continued growth in market share. \n \nCommenting on the results, Steve Fareham, Chief Executive of Billington Holdings, said: \n \n\"Throughout the first six months of 2011 the markets have remained challenging, but I am happy to say that we have managed to grow revenues, albeit at tight margins. We have made a number of d...