leadf
logo-loader
viewSweett Group

Cyril Sweett reports ‘satisfactory’ interims

no_picture_pai.jpg

Construction consultancy and project manager Cyril Sweett Group PLC reported a “satisfactory” interim performance in the light of what it called the “increasing fragility of the commercial property sector “.


Revenue for the six months to September 30 2008 rose to £41.0 million from £29.3 million the previous first half, lifted by acquisitions, generating pretax profits of £3.3 million, a 31.7 percent year-on-year rise.


In a statement, the group said the private sector market environment has deteriorated materially over the last two months. While it is not immune from the current challenges, Cyril Sweett believes it is on target to deliver a small improvement in profit in the second half of the year.  “However if the global recession becomes deeper, this will become challenging, although we remain confident about the long term prospects for the group,” it said.


It is raising the interim dividend to 0.90 pence per share from 0.80p.


The order book stands at a record level of £92 million and provides visibility out as far as 2013. More than 65 percent of the current order book is with the public sector and in international locations where demand remains strong.

Quick facts: Sweett Group

Price: - -

AIM:CSG
Market: AIM
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Linius Technologies teams up with Racing.com once again with more features...

Linius Technologies Ltd 's Chris Richardson (ASX:LNU) talks to Proactive London about the new features for punters and fans on Racing.com. There will now be a 'whole new set of features for the punters' after the popularity and success of the first venture with Racing.com. Richardson talks...

7 hours, 41 minutes ago

2 min read