T Clarke 'in good shape'

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Date: Friday 18 Jul 2008

LONDON (ShareCast) - T Clarke rallied to its highest in over a month Friday after the electrical contractor said it has made good progress in the first half and remains confident of trading in the second half.

Trading for the six months to 30 June has continued to be in line with market expectations since May’s update, it added.

“This is a reflection of the success of the group's strategy of diversifying its activities by both sector and geography, with the group's broad client base and divers market coverage mitigating the cyclical nature of individual markets,” said the firm.

“Cash generation is very strong and the group is well positioned to meet future dividend and capital requirements.”

The current order book amounts to £235m, of which £100m is scheduled for completion in the current year.

“In these uncertain times it is encouraging to note that enquiry levels remain high, we are preferred bidder for several major contracts, cashflow is positive and the group is in good shape,” said boss Pat Stanborough.

Interims are due on 29 August.

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