Highlights:
· Revenue up 11% to £199.1 million (2014: £180.0 million)
- · Improvement in operating margins to 11.1% (2014: 8.7%)
- · Profit before tax up 48% to £20.8 million (2014: £14.0 million)
- · Return on capital employed for the year ended 30 June 2015 up 50% to 15.2% (2014: 10.1%)
- · EPS up 39% to 8.50 pence (2014: 6.11 pence)
- · Interim dividend increased by 13% to 2.25 pence (2014: 2.00 pence) per share
Current priorities:
- · To increase output to meet growing demand and to deliver benefits from operational gearing
- · To further strengthen the Marshalls brand by developing systems based solutions, service excellence and new product development
- · To grow our business organically and selectively through acquisitions
- · To continue to develop and invest in our strategic growth initiatives, particularly in Water Management, Street Furniture, Rail and Newbuild Housing
Commenting on these results, Martyn Coffey, Chief Executive, said:
"The Group is well positioned to grow organically and selectively through acquisitions. We will continue to focus on growth initiatives during the remainder of 2015 and in 2016.
Marshalls half-yearly statement in full: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12479437.html
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