T Clarke has reported falls in both profit and turnover in the first half of the year, due to problems within two of its regional businesses: Preston and Anglia.
Pre-tax profit at the firm dropped to 拢3.9 million from 拢4.1 million. Turnover fell by 3.7% to 拢96 million, a drop of 拢4 million from this time last year.
Despite the results, the board recommended a 6% rise in interim dividend to 3.9p per share.
Chairman Russell Race said: 鈥淥ur outlook for the full year is unchanged, with the excellent prospects for construction activity country wide, and especially in the south east leading up to the Olympics in 2012.鈥�
Group operating profit in the core operations in London was 拢2.3 million, representing an 11% increase from the pevious year.
Recently won projects include Kent International Airport and London office developments Ropemaker Place and BP2 Canary Wharf.
Source
Electrical and Mechanical Contractor