Atkins (WS) Plc. (ATK.L), a provider of engineering and design consultancy services, Thursday reported a lower pre-tax profit for the year, as revenues remained nearly flat with last year and the company recorded a lesser pension curtailment gain.
For the year ended March 31, profit before tax declined to 103.3 million pounds from 135.5 million pounds last year.
The latest results included 4.3 million pounds in a pension curtailment gain. The prior year result included a pension curtailment gain of 30.9 million pounds.
Underlying profit before tax was 104.5 million pounds, while it totaled 101.6 million pounds last year. Profit attributable to owners of the parent declined to 88.7 million pounds from the prior year's 106.7 million pounds. Earnings per share decreased to 88.8 pence from 106.6 pence.
Operating profit and margin declined due to the impact of one off pension gains.
Revenue was 1.705 billion pounds, nearly unchanged from last year's 1.711 billion pounds. Revenue in the U.K. increased 4.7 percent to 900.3 million pounds and operating profit advanced nearly 10 percent. The firm expects the current momentum in the business to continue into the new financial year.
Revenue declined 7.6 percent in North America to 389.7 million pounds and operating profit fell 27.8 percent from last year, as the division had a difficult year amid losses on legacy contracts. The company sees slow, but continual improvement in the business.
The Middle East saw a 5.4 percent drop in revenue to 162.2 million pounds and operating profit dropped nearly 30 percent, due to delays to the start of some key opportunities and protracted negotiations on variations to major contracts. The company's board recommended a final dividend of 22.0 pence per ordinary share for the year. Total dividend for the year thus rises 4.9 percent to 32.0 pence.
Looking ahead, the company said, ''While we will continue to face challenges in some of our markets and sectors due to ongoing uncertain economic conditions and increased competition, we have made good progress towards our strategic priorities and expect this positive momentum to continue in the year ahead.''
The stock is up 1.8 percent at 896.00 pence.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.