Kier Group Plc (KIE.L) announced preliminary results for the year to 30 June 2009, reporting profit attributable to equity holders of the parent of GBP 16.1 million, compared to GBP 47.2 million in the prior year. Earnings per share were 44.0 pence, compared to 129.7 pence a year earlier.
Profit attributable to equity holders of the parent, before exceptional items, was GBP 35.8 million, down from GBP 61.6 million a year ago. Earnings per share, before exceptional items, were 97.8 pence, compared to 169.2 pence a year earlier.
Underlying earnings per share were 102.5 pence, compared to 174.8 pence a year ago.
Pre-tax profit declined to GBP 24.8 million from GBP 63.4 million a year earlier. Pre-tax profit, before exceptional items, was GBP 50.6 million, down from GBP 87.1 million last year. Underlying pre-tax profit was GBP 52.8 million, compared to GBP 89.2 million a year earlier.
Revenue for the year fell to GBP 2.15 billion from GBP 2.37 billion in the previous year.
The company said that the board proposed to maintain the total dividend for the year at 55.0 pence, the same level as last year's dividend. The final dividend of 37 pence will be paid on 27 November 2009 to shareholders on the register on 25 September 2009.
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