Rok's profits hold steady
Rok has announced its results for 2009.
The company’s performance shows a fall in revenue to £715m but the level of its pre-tax profits* remains the same as for the previous year at £20.4m. The board is proposing a dividend per share of 2.4p which is the same as in 2008.
Chairman, Stephen Pettit, said the company had maintained profit levels despite reducing revenues. This was as a result of the business’s continued cost reduction as it shifted emphasis away from larger construction projects and onto repair, maintenance and improvement markets.
Among the year’s highlights was the impact Rok was making on the property insurance repairs market and the high visibility of its future revenues under framework agreements with a range of customers which stood at £2bn.
Stephen said his board remained cautious about the outlook for the sector but believed that the changes made in Rok to reposition itself demonstrated its strength and flexibility which boded well for the resumption of its growth when the wider economy began a sustainable recovery.
For the full details of the company’s preliminary results for the year ended 31 December 2009 please visit our Investor Relations pages.
*before intangible asset charges and exceptional items
Contact
If you require further information on any of these items, please contact Vicky Banham, Communications, 01823 446024 or Redleaf PR 020 7566 6700 (24 hr).
Rok Citizens
News and Views from across the Rok Group
2010 Issue 15
Spring 2010
News and views from across Rok
Check out:
this issue |
previous issues