T Clarke Plc (LON:CTO) shares moved positively after a trading update highlighted “a strong first six months of 2018” and said it expects the full year results for 2018 will be ahead of current market expectations.
The building services group said it expects underlying operating profit before interest and taxation to be £8.6mln, compared to £7.3mln in 2017, while revenue is anticipated at around £320mln and the company’s underlying profit margin is seen at 2.7%.
READ: T Clarke trading in line after "excellent start to the year"
“This update provides clear evidence that the group's strategy is working and underpins our confidence that our underlying operating profit margin target of 3% is attainable in the near future,” the company said, in a statement.
“The strength and reputation of TClarke are evidenced by our record forward order book.
“We have maintained our market leading position in our traditional markets whilst securing technology-driven projects, where project complexity and specification levels play to our strengths.”
In London, the company’s shares were up 4.79p or 5.6% to trade at 88.74p.