Rok shows profit increase

Rok, the UK building firm announced its interim results today showing a fall in revenue to £715m but the level of its pre-tax profits* remains the same as for the previous year at £20.4m. The board is proposing a dividend per share of 2.4p which is the same as in 2008.

Chairman, Stephen Pettit, said the company had maintained profit levels despite reducing revenues. This was as a result of the business’s continued cost reduction as it shifted emphasis away from larger construction projects and onto repair, maintenance and improvement markets.

Among the year’s highlights was the impact Rok was making on the property insurance repairs market and the high visibility of its future revenues under framework agreements with a range of customers which stood at £2bn.

Stephen said his board remained cautious about the outlook for the sector but believed that the changes made in Rok to reposition itself demonstrated its strength and flexibility which boded well for the resumption of its growth when the wider economy began a sustainable recovery.

For the full details of the company’s preliminary results for the year ended 31 December 2009 please visit our Investor Relations pages.