By Kyle Morris
Billington Holdings PLC said Tuesday that revenue for 2021 increased as activity levels recovered after Covid-19-related shutdowns ended, though pretax profit fell as it booked an impairment charge.
The London-listed structural steel-and-engineering specialist said 2021 pretax profit was 179,000 pounds ($228,063), compared with GBP1.7 million a year earlier. On an underlying basis, before an impairment charge of GBP1.1 million, pretax profit was GBP1.3 million, it said.
Revenue was GBP82.7 million, compared with GBP66.0 million, it said.
The company declared a dividend of 3.00 pence a share, compared with 4.25 pence a year earlier, it said.
Chief Executive Mark Smith said that improvement in financial performance is expected for 2022, despite a competitive market, and that market conditions and the macroeconomic environment remain challenging.
Write to Kyle Morris at [email protected]
Credit: www.marketwatch.com /