StockMarketWire.com - Fulcrum Utility Services announced its preliminary results with revenue up 20.4% to £48.9m. Profit before tax fell to £6.0m (2018 restated: £6.9m), though adjusted profit before tax saw growth to £8.6m (2018 restated: £7.9m).

Net assets per share up 17.8% to 20.5p.

The board has recommended a final dividend of 1.5p which reflects the Board's ongoing confidence in the Group's ability to generate cash and its future prospects.

The order book is up 41.4% since March 2018 to £60.5m.

The Group has successfully developed its strategy to align Fulcrum with its key sector opportunities and now has a balanced exposure to the different energy supply elements of the UK residential and industrial and commercial construction markets.

The Board believes that Fulcrum's breadth of services across multi-utility, gas and electrical markets sees it well positioned to capitalise on opportunities across the infrastructure and utility asset ownership sectors and are encouraged by the incremental smart metering and cross-selling opportunities for the Group.








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