Frank Prenesti Sharecast News
05 Mar, 2024 09:12 16 May, 2024 11:16

Keller lifts dividend as profits soar

Geotechnical specialist contractor Keller Group more than doubled annual earnings and lifted its dividend by 20%.

Construction & Materials

12,610.29

17:14 31/10/24
-1.76%
-225.33

FTSE 250

20,388.96

17:14 31/10/24
n/a
n/a

FTSE 350

4,473.68

17:14 31/10/24
n/a
n/a

FTSE All-Share

4,431.83

17:09 31/10/24
n/a
n/a

Keller Group

1,636.00p

16:45 31/10/24
-0.97%
-16.00p

Pre-tax profit for the 2023 calendar year jumped 123% to £125.6m with the annual dividend lifted to 45.2p a share.

“Whilst political and macro-economic uncertainties will undoubtedly remain and impact our markets in the short term, our current level of trading together with our robust order book mean that we enter the new year with confidence,” the company said on Tuesday.

“The strong momentum of the business is encouraging and whilst inevitably there will be fluctuations across the group, our diverse revenues and improved operational delivery underpin our expectation that 2024 will be another year of underlying progress.”

Reporting by Frank Prenesti for Sharecast.com

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