Billington delivers ‘strong’ results

BILLINGTON Holdings will resume dividend payments after delivering a “strong” set of full year results in 2014.

The profit after tax for the year from continuing operations was £1.4m on revenue of £45m, compared with a profit of £0.5m on revenue of £39m in the previous year.

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The structural steel and construction safety specialist also revealed that it is proposing a final dividend for the year of 3.0 pence per share

Mark Smith, the Barnsley-based company’s chief executive, said: “The company has achieved a strong set of results for the year, with each division contributing positively - Billington Structures has delivered a particularly encouraging performance, with its strongest order book in a long time. I am also very pleased that the group is now in a position to resume paying a dividend to shareholders, for the first time since 2010.

“As market conditions continue to improve, Billington remains well-placed to benefit from the opportunities and growing demand in the sector. The group’s strong financial footing, quality product offering and talented and growing team, all mean that we are in a good position to build on this momentum and move into the next phase of our expansion.”