Edition:
United States

Kier Group FY Rev, Underlying Pretax Profit Rise


Thursday, 20 Sep 2018 02:01am EDT 

Sept 20 (Reuters) - Kier Group PLC ::FY UNDERLYING PROFIT BEFORE TAX OF £136.9M (2017: £126.1M) INCREASED BY 9%.PROPOSED FULL YEAR DIVIDEND PER SHARE INCREASED BY 2% TO 69.0P (2017: 67.5P).ANTICIPATED ADDITIONAL ANNUAL PROFIT, FCF IMPROVEMENTS OF AT LEAST £20M IN FY20, REPRESENTING 10% OF PROFIT FROM OPERATIONS.TARGETED PROCEEDS OF £30M-£50M FROM DISPOSAL OF NON-CORE BUSINESSES.CONSTRUCTION AND SERVICES ORDER BOOK OF £10.2BN AT FY END.SEES NEUTRAL ANNUAL PROFIT AND FREE CASH FLOW EFFECTS IN FY19.FY REVENUE £4.5 BILLION VERSUS £4.3 BILLION.