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Date: Friday 29 Aug 2008

LONDON (ShareCast) - Half year profit jumped 39% at electrical engineering and contracting firm T Clarke, in line with expectations despite the tough economic environment.

Profit before tax for the six months to 30 June climbed to £5.4m from £3.9m in 2007 on revenue 13% higher at £109m. The order book stands at £230m versus £205m a year ago.

The core London business remains robust, it said, while there’s been a strong improvement in the contribution made across its regional businesses.

“Despite the current backdrop of uncertainty in the financial markets, all our core operations are performing well,” said chief executive Pat Stanborough.

“Our plan to diversify the business away from a dependence on the commercial property development sector has gone well and we have a steady flow of work across all the regions we operate in.”

The interim dividend goes up 8.97% to 4.25p a share.

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