Severfield plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Earnings Guidance for the Second Half and Full Fiscal Year 2019
November 27, 2018 at 02:00 am EST
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Severfield plc reported unaudited consolidated earnings results for the six months ended September 30, 2018. For the six months, the company reported revenue of £149,089,000 compared to £137,107,000 a year ago. Operating profit was £13,217,000 compared to £11,643,000 a year ago. Profit before tax was £13,108,000 compared to £11,524,000 a year ago. Profit for the period was £10,757,000 compared to £9,391,000 a year ago. Basic and diluted earnings per share were 3.54 pence compared to £3.14 pence a year ago.
The company expects further progress during the second half of the financial year 2019.
The company remains confident that the Group's full fiscal year 2019 results will be in line with expectations.
Severfield plc is a United Kingdom-based structural steel company that offers various products, such as Severstor, Rotoflo, Siloflo, Bin Activator, Seversafe, Fabsec and Processing. The Company's services include design, manufacturing, fabrication, delivery, construction and project management. It operates in three segments: Core Construction, Modular Solutions, and JSSL. Its projects include Stadia & Leisure, Transport infrastructure, Commercial Projects, Industrial Projects, and Health and Education Projects. Its Stadia & Leisure projects include Fulham FC Riverside Stand, Tottenham Hotspur Stadium, Wimbledon No.1 Court, V&A Dundee and others. Its Transport infrastructure projects include Ordsall Chord, Ely Southern Bypass and Manchester Airport Multi-Storey Car Park. Its Commercial Projects include 22 Bishopsgate, The Shard and Arbor Bankside Yards. Its Industrial Projects include BRS2 Distribution Centre, Luton Regional Distribution Centre and Stafford Regional Distribution Centre.
Severfield plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Earnings Guidance for the Second Half and Full Fiscal Year 2019