Mark Watkin Jones Intends to Stand Down as Chief Executive Officer of Watkin Jones Plc; Reports Earnings Consolidated Results for the Year Ended September 30, 2017
Watkin Jones Plc reported consolidated results for the year ended September 30, 2017. For the year, the company's revenue was £301,914,000 against £266,980,000 a year ago. Operating profit before exceptional IPO costs was £42,685,000 against £37,883,000 a year ago. Operating profit was £42,685,000 against £11,322,000 a year ago. Profit before tax from continuing operations was £43,278,000 against £13,264,000 a year ago. Profit from continuing operations was £35,800,000 against £5,085,000 a year ago. Profit attributable to ordinary equity holders of the parent was £35,800,000 against £4,207,000 a year ago. Basic earnings per share were 14.024 pence against 3.123 pence a year ago. Net cash inflow from operating activities was £19,246,000 against £15,127,000 a year ago. Acquisition of property, plant and equipment was £336,000 against £150,000 a year ago. Adjusted EBITDA increased by 8.6% to £45.2 million against £41.6 million a year ago, representing an adjusted EBITDA margin of 15.0% against 15.6% a year ago.