Page Group plc PAGE delivered a record first quarter with gross profits up by 12.3% after strong global rises everywhere except for the UK where the fall of 7.1% illustrated the abysmal state of the UK economy. – sorry perhaps I should not have said that, the real excuse for the UK apparantly, was the timing of Easter which leaves one wondering how the Germans which share the same dates for Easter, came out top with a record quarter and growth of 28%.
Tesco plc TSCO announces another year of strong growth for 2017/18. Despite challenging market conditions profit before tax leaping by 769.7% from £145m. to £1.208bn.The year also produced the 9th consecutive quarter of growth and a final dividend of 2p per share is to be paid, making a total for the year of 3p. Group sales rose by 0.6% or 2.3% at actual exchange rates.
BCA Marketplace plc BCA updates that it has traded ahead of market expectations and the positive outlook referred to in Novembers interim results has continued. The outcome is that profits for the full year have grown strongly and net debt is lower than market expectations.
McCarthy & Stone plc MCS claims that underlying trading in the half year to the end of February remained resilient despite a substantial 15% rise in the average selling price from £260,000 to £298,000. Legal completions showed a fall of 12% and not surprisingly profit before tax did not look very healthy with a slump of 52% and earnings per share more than halving from 3.3p to 1.5p per share. Net debt more than doubled from £30.4m to £75.9m. The interim dividend is tweaked upwards but the best that could be afforded in the circumstances was a rise from 1.8p per share to 1.9p.
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