Business
Results for Year Ended 31 December 2016
Results for Year Ended 31 December 2016.
About this update from Hellenic Dynamics Plc
[{"type":"text","content":"\n \nRNS Number : 4749H Mountfield Group plc 08 June 2017 \n\n \nMountfield Group Plc\n \n(\"Mountfield\", the \"Group\" or the \"Company\")\n \nFINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2016\n \nMountfield, the AIM listed construction company is pleased to announce its Final Results for the year ended 31 December 2016 (\"Final Results\").\n \nThe Company also announces that its AGM will be held at 11:30 am on 30 June 2017 at the offices of DAC Beachcroft LLP at 100 Fetter Lane, London EC4A 1BN.\n \nThe Final Results and Notice of AGM have been posted to shareholders and will be posted to the Company's website on: www.mountfieldgroupplc.com .\n \nContacts:\n \n\n\n\n\nMountfield Group Plc\n\n\n07500 558 235\n\n\n\n\nPeter Jay, Executive Chairman\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland Limited (Nominated adviser)\n\n\n0207 220 1666\n\n\n\n\nPaul Shackleton\n\n\n\n\n\n\n\n \n \n \nSTRATEGIC REPORT FOR THE YEAR ENDED 31 DECEMBER 2016\n \nCHAIRMAN'S REPORT\n \nKey Features \n \n· Group annual PBT rises by 150%.\n \n· Connaught continues to strengthen its market position.\n \n· MBG's profitability rises again from higher quality turnover and restructured, lower cost operation. \n \n· Secured and potential business for both businesses indicates good prospects for 2017.\n \n§ Turnover: £9.63m (2015: £13.033m)\n \n§ Operating profit: £469,820 (2015: £203,895)\n \n§ EBITDA: £483,336 (2015: £218,314) \n \n§ PBT: £442,544 (2015: PBT £177,117)\n \n§ Earnings per share: 0.131p (2015: 0.046p)\n \n§ Margin 19.2% (2015: 14.4%)\n \n§ Majority of remaining loan notes converted into unlisted non-voting shares without right to receive dividend.\n \n \nThat the strong increase in Group PBT to £442,544 (2015 - £177,117) was earned on a turnover reduced by over £3million demonstrates the success of the Mountfield Group Plc's (\"Group\") strategy for Mountfield Building Group Limited (\"MBG\") of concentrating on higher margin, lower risk work.\n \nFor Connaught Access Flooring Limited (\"CAF\"), the main feature of the year was the completion of its £5.8m contract f...