Billington delivers strong profit and revenue growth

STRUCTURAL steel firm Billington Holdings today revealed that it had delivered strong profit and revenue growth in its full year results.

Tuesday, 21st March 2017, 9:15 am
Updated Friday, 24th March 2017, 11:01 am
Billington Holdings has delivered a 'strong' set of results

Billington also revealed that it had a “good” order book and the group is continuing to strengthen the workforce across all its divisions.

Mark Smith, the chief executive, commented: “2016 was another successful year for the company and we have delivered a strong set of full year results, with a solid performance from all divisions.

“Over the past year, the company successfully maintained its order book, and has work continuing throughout 2017.

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“With the acquisition of Shafton, in December 2015, the company began its expansion strategy and this year we are looking forward to progressing to the next stage. A number of tenants at the Shafton site will vacate shortly, allowing Billington to complete its facility adaptation programme, ready for operations to begin in earnest the second half of 2017.

“Given this strong set of results, Billington is pleased to deliver an increased annual dividend of 10 pence per share and we look forward to an equally busy year, maintaining the excellent work rate of 2016.”

The profit after tax for the year, from continuing operations, was £3.0m, on revenue of £63.3m, compared with a profit of £2.4m on revenue of £56.7m, in the previous year.