TClarke PLC stock price soars as orders increase

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TClarke PLC shares (LON:CTO) rose almost 13% on Thursday after the group released its latest trading report.

The group said in a statement that trading was resilient and continues to trade in line with expectations for the full year ending 31 December 2020.

TClarke PLC expects 2020 sales to be approximately £240m. In the second half of this year, the Group won new projects from customers and its forward order book increased by 17% to £422m.

Mark Lawrence, group chief executive, said: “TClarke has once again demonstrated that our excellent reputation within the industry is directly benefiting us and this has given us the continued confidence of our clients to work with us and award significant new projects to the Group. It helps promote it.”

“Looking to the future, we are taking a balanced approach to winning work from projects in a variety of sectors, and we are pleased to report that we have been particularly successful in the healthcare and technology sectors. I’m happy.

“The UK Government recently announced a long-term commitment to develop further green initiatives across clean energy, transport, nature and innovative technologies, which will help the UK tackle climate change by 2050. TClarke is well-positioned to help us make progress to eradicate these impacts and is already working on a range of exciting projects to support these movements. . ”

TClarke PLC shares (LON: CTO) are trading +12.88% at 99,00 (1310GMT).

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