Order book record for T Clarke but covid hits profit

By Dave Rogers2021-01-28T07:37:00

Future workload jumps to over £450m

Listed M&E contractor T Clarke said its order book stands at a record £456m but confirmed underlying profit would be down because of the covid crisis last year.

In a trading update this morning, the firm said margins recovered to 3% in the second half of last year after the impact of covid-19 sent it to a pre-tax loss of £1.5m in the first half from a £4.5m pre-tax profit last time on revenue down 38% to £106m.

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