Business
Interim Results - Replacement
Interim Results - Replacement.
About this update from Eleco Plc
[{"type":"text","content":"\n Eleco PLC\n19 March 2008\n\nThis release replaces RNS 3076Q issued yesterday at 07:01 \n\nPlease note the change to Note 2 - Segmental Information.\n\n\nFor Immediate Release 19 March 2008\n\n\n\n ELECO PLC\n\n The Building Systems and Software Group\n\n INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2007\n\n'Continued strong growth by this specialist provider of offsite building systems\n and software solutions'\n\n\nHighlights\n\n- Turnover increased to £39.4m from £28.9m: an increase of 36.2%\n\n- Profit before tax increased to £3.7m from £2.5m: an increase of 47.9%\n\n- Earnings per share increased to 4.5p from 3.7p: an increase of 24.0%\n\n- Interim dividend increased to 1.0 p from 0.7p: an increase of 42.9%\n\n- Precast concrete interests significantly strengthened by the\nacquisition in November 2007 of Milbury Systems, a leading provider of precast\nconcrete infrastructure products to the water, waste and civil engineering\nindustries and the agricultural sector.\n\nJohn Ketteley, Executive Chairman of Eleco plc, commented:\n\n'Our strong growth in the year to June 2007 continued in the six months to\nDecember 2007. Increased demand for Bell & Webster's precast concrete products\nand significantly higher productivity at its Grantham plant, and improved\nperformances from our building components operations and software interests,\nmore than compensated for the lower outturn of our connector plate businesses.\n\n'The current turmoil in financial markets suggests that we might well expect to\nencounter more testing market conditions. However, Eleco is in a strong\nfinancial position and we entered the second half with improved order books.\nMilbury Systems will also be contributing to our results for the whole of the\nsecond half. I am therefore confident that, despite the uncertain financial\nenvironment, Eleco will again acquit itself well.'\n\nFor further information please contact:\n\nEleco plc Tel: 01920 443830\nJohn Ketteley, Executive Chairman http://www.eleco.com\[email protected]\nDavid Dannhauser, Finance Director\[email protected]\n\nCollins Stewart Europe Limited 020 7523 8350\nNick Ellis / Philip Roe\n\nBuchanan Communications 020 7466 5000\nTim Anderson / Isabel Podda\n\nChairman's Statement\n\nI am pleased to present my statement for the six months ended 31 December 2007.\nTh...