Electrical contractor T Clarke has said its trading for the six months ended 30 June 2008 has not been hit by the credit crunch.
In a statement to the City it said trading had been in line with expectations as a result of its policy of 鈥渄iversification by sector and geography鈥�.
Pat Stanborough, T Clarke鈥檚 chief executive, said: 鈥淚t is encouraging to note that enquiry levels remain high, we are preferred bidder for several big contracts, cash flow is positive and the group is in good shape.鈥�
Its order book stands at 拢235m and the City鈥檚 forecast for the year ended 31 December 2008 is a pre-tax profit of 拢10.5m on turnover of 拢213m.
Andy Brown, analyst at Panmure Gordon, said the update was 鈥渟olid鈥� but there were longer term concerns about the group鈥檚 exposure to the property market.
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