Shanks Group plc (SKS.L), a provider of recycling and energy recovery solutions, Thursday reported a pre-tax loss of 35.3 million pounds on a statutory basis for the full year, compared with the pre-tax profit of 29.9 million last year. Loss per share for the year was 8.9 pence, compared with earnings per share of 6.5 pence last year. This reflects non-trading and exceptional items of 61.8 million pounds compared with 7.4 million pounds prior year. The results for the last year are restated.
On an underlying basis, the group reported a pre-tax profit of 26.5 million pounds, a decline from previous year's 37.3 million pounds. Underlying earnings per share for the year was 5 pence per share compared with 7 pence per share last year.
Revenues for the full year dropped to 670 million pounds from 750.1 million pounds reported previous year.
The group said it saw total cost savings of 17 million pounds delivered, with 11 million pounds operational savings plus 6 million pounds savings through structural cost programme, including headcount reduction of 310 full time employees.
The company said that the final dividend of 2.35p per share will be paid on August 2 to shareholders on the register at close of business on July 5.
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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.