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Marlowe swings to statutory FY pretax profit

By BFN News | 07:46 AM | Thursday 29 June, 2017

Marlowe has swung to a statutory FY pretax profit of £0.7m, from a loss of £0.1m. Its revenue was £46.8m, from nil. "In our first year of trading as Marlowe plc we are pleased to report a strong financial performance and a year of significant strategic progress in establishing a platform for growth," said CEO Alex Dacre. "During the year we have achieved a top-five position in both of our core markets of Fire & Security and Water Treatment, developed national coverage and begun to benefit from our increased scale. "We have a well-developed pipeline of attractive opportunities to add scale to Marlowe as we implement our strategy of building a leading UK support services group in complementary areas of critical asset maintenance. "The current year's trading has started in line with our expectations and we look forward to making further progress during the year." Story provided by

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