The Group navigated a challenging year marked by softer market conditions and increased competition. While revenue and gross profit saw a decline from the previous year, this was primarily due to reduced contributions from the Engineering and Scaffolding segments. In response, the Group undertook significant strategic investments, including acquiring an associated company and expanding its property portfolio, which impacted its cash flow and borrowing levels. Despite these pressures, the company maintained profitability and has proposed a final dividend for shareholders.
• Navigating Market Headwinds: Discover how shifts in segmental performance and intense competition impacted the Group’s top-line figures
• Strategic Growth Initiatives: Learn about the significant investments made in new assets and an associated company aimed at long-term growth
• Financial Position Shifts: See how major acquisitions and new financing activities have reshaped the company’s balance sheet and gearing ratio