Billington 2021 Revenue Rose on Improved Activity Levels

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By Kyle Morris

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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.

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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]

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Credit: www.marketwatch.com /

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