{"id":601953,"date":"2023-01-27T19:48:54","date_gmt":"2023-01-28T01:48:54","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/27\/me-specialist-set-for-profit-rise\/"},"modified":"2023-01-27T19:48:54","modified_gmt":"2023-01-28T01:48:54","slug":"me-specialist-set-for-profit-rise","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/27\/me-specialist-set-for-profit-rise\/","title":{"rendered":"M&#038;E specialist set for profit rise"},"content":{"rendered":"<div id=\"wrapper_sleeve\">\n<p><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"414\" src=\"https:\/\/cdn.ca.emap.com\/wp-content\/uploads\/sites\/8\/2018\/07\/TClarke-FM-1024x683.jpg\" alt=\"TClarke approaches 3% margin after half-year progress\"  >        <\/p>\n<div>\n<p>TClarke is set to boost its profit to around \u00a310m, it has announced.<\/p>\n<p>The listed M&#038;E specialist said in a trading update today that it expected to record pre-tax profit of \u00a310.3m for the 12 months to 31 December 2022, up from \u00a37.8m in 2021.<\/p>\n<p>It announced in November that it expected revenue to rise by nearly \u00a3100m to around \u00a3425m. It is targeting a \u00a3500m turnover in 2023 and said that further expansion of its data-centre business will help achieve this.<\/p>\n<p>Chief executive Mark Lawrence said: \u201cTClarke has had a tremendous year delivering a record level of turnover for the period and ending the year with an order book at a level that supports our \u00a3500m turnover target.\u201d<\/p>\n<p>The firm\u2019s average month-end net cash during 2022 was \u00a32.6m, the statement added.<\/p>\n<p>In 2021, turnover rose to \u00a3327.1m and pre-tax profit grew by \u00a36.6m, bouncing back from the slump it experienced in 2020 when it fell to \u00a3231.9m and the company cut 80 jobs. This put it back into third place in the CN Specialist Index 2022 list of the UK\u2019s top M&#038;E contractors, up from fourth in 2021.<\/p>\n<p>TClarke will announce its full financial results for 2022 in March.<\/p>\n<\/p><\/div>\n<h3>Related articles<\/h3>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.constructionnews.co.uk\/financial\/me-specialist-set-for-profit-rise-26-01-2023\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Ian Weinfass<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TClarke is set to boost its profit to around \u00a310m, it has announced. The listed M&amp;E specialist said in a trading update today that it expected to record pre-tax profit of \u00a310.3m for the 12 months to 31 December 2022, up from \u00a37.8m in 2021. It announced in November that it expected revenue to rise<\/p>\n","protected":false},"author":1,"featured_media":601954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23002,34921],"tags":[],"class_list":{"0":"post-601953","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-profit","8":"category-specialist"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/601953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=601953"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/601953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/601954"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=601953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=601953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=601953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}