LONDON (Thomson Financial) - Waterman Group Plc. said its full-year pretax
and revenues came in ahead of market expectations on the back of a record order
book.
For the year to end-June, the international engineering and environmental
consultant posted a 37 percent rise in pretax profit to 6.99 million pounds.
Revenues rose 31 percent to 136.4 million pounds, mostly due to overseas
projects.
It said net asset value per share at year-end stood at 125 pence from 112
pence last year.
The company recommended an increased final dividend of 3.8 pence per share
from 3.6 pence last year, taking the total for the year to 6.3 pence from 5.8
pence last year.
Waterman said the majority of its worldwide markets and sectors remain
strong and it has good visibility and a record order book.
It added it has a strong balance sheet, and gearing of 34 percent provides
stability and the ability to be able to invest in organic growth and acquisition
opportunities in the future.
It said despite the uncertain financial markets, it has a strong presence in
growth markets both in the UK and overseas, and it views the coming year with
cautious optimism.
tf.TFN-Europe_newsdesk@thomsonreuters.com
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