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Kier Group Turns To Profit In FY; Underlying Revenue Up 5% - Quick Facts

Kier Group Plc (KIE.L) reported pretax profit of 106.2 million pounds for the year ended 30 June 2018 compared to a loss of 14.2 million pounds, last year. Profit per share from continuing operations was 89.8 pence compared to a loss of 27.2 pence. Underlying profit before tax increased to 136.9 million pounds from 126.1 million pounds. Underlying earnings per share from continuing operations was 115.4 pence compared to 106.8 pence.

Fiscal year Group revenue, including the share of joint ventures, increased 5% to 4.5 billion pounds, including the McNicholas business which was acquired in July 2017. On an organic basis revenue was consistent year-on-year.

The Board recommended a full-year dividend of 69.0 pence per share, up 2%. Subject to shareholder approval, the final dividend of 46.0 pence per share will be paid on 3 December 2018 to shareholders on the register at close of business on 28 September 2018.

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