Home » News and Views » Ian Pollard – London market robust for Telford #TEF

Ian Pollard – London market robust for Telford #TEF

Telford Homes TEF produced a strong set of results for the year to the 31st March and the proposed final dividend of 9p per share brings the total for the year to 17p making an increase for the year of just over 8%. Total profit before tax for the year to 31st March, exceeded market expectations with a rise of 35% making an increase of 100% over the last 4 years. The London market is described as being robust.

Fishing Republic FISH 2017 produced a disappointing performance and firm action has been taken to address it, with turnaround plans now having been put in place. Revenue growth of 57% was below management targets and the fourth quarter saw a significant deterioration in trading. Gross profit margins fell to 32.6% from 47.6% and an impact from increased competition which put prices under pressure, was also felt. 2016’s profit of £0.42m. was turned into a loss of £2.235m whilst earnings per share of 0.99p became a loss of 5.85p per share.

B&M European BME delivered another strong set of results in the 53 weeks to to the 31st March. The recommended final dividend is to be increased by 23.1% to 4.8p per share, group revenue rose by 22.4% and profit before tax by 25.4%.

Bodycote plc BOY has enjoyed robust growth during the first four months of the year despite currency headwinds Full year revenue despite what it describes as limited visibility is anticipated to be above previous expectations and headline operating profit will be slightly ahead of analysts expectations.Energy revenues rose by 24% and general industrial revenues by 11% over the four months to the 31st April while group revenue generally was up by 7% or 10% on a constant currency basis.

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