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BRIEF-Kier says confident of achieving double-digit profit growth in FY 18
September 21, 2017 / 6:13 AM / a month ago

BRIEF-Kier says confident of achieving double-digit profit growth in FY 18

Sept 21 (Reuters) - KIER GROUP PLC:

* TOTAL DIVIDEND UP 5 PERCENT TO 67.5 PENCEPER SHARE

* FY CONSTRUCTION AND SERVICES ORDER BOOKS TOTAL APPROXIMATELY £9.5BN AND PROVIDE GOOD LONG-TERM VISIBILITY OF FUTURE WORKLOAD

* “CONFIDENT OF ACHIEVING DOUBLE-DIGIT PROFIT GROWTH IN FY18”

* FY REVENUE £4.27 BILLION VERSUS £4.08 BILLION

* FY PROFIT BEFORE TAX £126 MILLION VERSUS £116 MILLION

* FY NET DEBT 6 OF £110M, AT LOWER END OF MARKET FORECASTS AND MAINTAINING <1x ratio to ebitda Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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