Latest results
Preliminary results for the year ended 30 June 2009
Interior Services Group plc is pleased to announce a robust set of results, delivered in a challenging global economic environment. The strategy of diversifying the business by activity, sector and geography continues.
Results
- Revenue marginally down at £1,049m (2008 - £1,090m)
- Adjusted profit before tax* declined 7% to £13.1m (2008 - £14.1m)
- Profit before tax decreased 7% to £11.7m (2008 - £12.6m)
- Adjusted basic earnings per share** decreased by 8% to 33.24p (2008 - 36.22p)
- Basic earnings per share decreased by 19% to 29.67p (2008 - 36.44p)
- Final dividend of 9.66p bringing total for the year to 13.66p (2008 - 13.20p), a rise of 3.5%
- Net cash as at 30 June 2009 was £32.1m (2008 - £35.3m) with £5.9m of bank borrowings repaid
David Lawther, Chief Executive, said:
"The business has positioned itself towards more resilient regions and sectors and has achieved an excellent set of results delivered in a challenging global economic environment.
In the UK our Retail frameworks continue to give us visibility through the current year, where our clients are committed to maintaining their capital investment programmes in both the food and retail banking sectors. In London and our Regional Construction businesses, we have already secured two thirds of our targeted revenue for the current financial year.
Overseas we continue to develop and expand our capabilities and are particularly excited about Asia and UAE.
We are now seeing tentative signs of improvement in our pipelines in some of our major markets in Asia, Europe and London Fit out with our core clients in the financial services, petrochemical and technology sectors once again making strategic investments. This is giving us an increased level of optimism for the longer term."
8 September 2009
