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Annual Results

Charles Taylor revenues up 18.1%

09 March 2017 07:41

Charles Taylor reports a significant increase in revenues in the year to the end of December as it built on the strong growth achieved in 2015.

Revenues rose by 18.1% to £169.3m while adjusted pre-tax profits were up 4% at £14.8m.

The dividend of 10.50p per share is up by 5% on last time.

Group chief executive David Marock said: "Charles Taylor performed solidly overall in 2016, building on the strong growth achieved in 2015.

"Revenue grew significantly, while adjusted profit before tax and earnings have increased; we also made good progress on delivering our strategic growth strategy.

"We are reinvesting in the business to drive that growth, both organically and by undertaking strategic acquisitions, entering into joint ventures and making business investments.

"This will enable us to achieve scale economies, to diversify the business, and to deliver sustainable year-on-year growth, with reliable income streams.

"Our strategic investments are intended to create opportunities to drive future growth in the medium to longer term."

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