T Clarke has revealed that its pre-tax profit for 2008 is expected to be materially above expectations

The m&e contractor performed well during the year and, following a post-year-end contract review, has reported that underlying operating profit for the year is set to be significantly higher than current market expectations.

While the board expects to make certain provisions in 2008 for impairment of goodwill, reported profit before taxation for 2008 is also expected to be materially above current market expectations.

The board retains confidence in the resilience of the business going forward, despite the economic climate.

T Clarke is announcing its preliminary results for the year ended 31 December 2008 on 19 March.

Chloride Group, the specialist provider of critical secure power solutions, has also reported a record order book and good visibility of further opportunities in the fourth quarter in its interim trading statement.

Chloride said that trading in the third quarter maintained the trend in performance reported at the half-year on 3 November 2008 and was in line with the management’s expectations.

Source

Electrical and Mechanical Contractor