Business
Preliminary results for the y
Preliminary results for the y.
About this update from Morgan Sindall Group Plc
[{"type":"text","content":"\n RNS Number : 5150H Morgan Sindall PLC 23 February 2010 \n \n\nMORGAN SINDALL plc\n('Morgan Sindall' or 'the Group')\n \nPreliminary results for the year ended 31 December 2009\n \nMorgan Sindall plc, the construction and regeneration Group, today announces its preliminary results for the year ended 31 December 2009 \n \n\n\n\n\n\n\n\n2009\n\n\n2008\n\n\n\n\n\n\n\nRevenue\n\n\n£2,214m\n\n\n£2,548m\n\n\n-13%\n\n\n\n\nProfit before tax and amortisation\n\n\n£51.5m\n\n\n£71.4m\n\n\n-28%\n\n\n\n\nProfit before tax \n\n\n£44.7m\n\n\n£62.3m\n\n\n-28%\n\n\n\n\nYear end cash balance\n\n\n£118m\n\n\n£120m\n\n\n-2%\n\n\n\n\nAdjusted earnings per share1\n\n\n93.9p\n\n\n127.8p\n\n\n-27%\n\n\n\n\nBasic earnings per share\n\n\n77.9p\n\n\n106.3p\n\n\n-27%\n\n\n\n\nTotal dividend per share\n\n\n42.0p\n\n\n42.0p\n\n\nNo change\n\n\n\n\n \n1 Basic earnings per share before amortisation of intangible assets\n \nGroup Highlights\n \n· Robust performance in challenging market conditions\n \n· Continue to focus on working capital management, cost reduction and supply chain improvements; realised annualised savings of £38m over the past two years\n \n· Construction and Infrastructure Services divisions delivered record results with improved margin performance \n \n· Group benefiting from enhanced construction capability and its capacity to take on larger, more complex projects \n \n· Group remains financially strong with year end cash of £118m and £100m of committed facilities in place through to mid-2012\n \n· Maintained total dividend \n \n· Forward order book at £3.2bn (2008: £3.7bn); in addition over £0.9bn (2008: £nil) of projects at preferred bidder stage\n \n· Well placed, with resources available, to capitalise on opportunities presented by the market\n \nDivisional Highlights\n* Divisional operating profits are profit from operations before amortisation of intangible assets.\n \nFit Out\n· Operating profit* of £13.8m (2008: £25.8m) on revenue of £291m (2008: £474m)\n·  ...