LONDON (dpa-AFX) - Yule Catto & Co plc (YULC.L) posted lower full-year IFRS pre-tax profit of 39.44 million pounds compared with last year's 54.22 million pounds, while underlying pre-tax profit was up 99% to 84.8 million pounds from 42.6 million pounds in 2010.
On an IFRS basis, 2011 loss per share was 2.0 pence, as against a profit of 21.4 pence a year ago. On the other hand, overall underlying earnings per share improved to 18.4 pence from 2010's 14.1 pence, as adjusted to reflect the rights issue in December 2010. As per pro-forma basis, including the first quarter's results of PolymerLatex, earnings per share would have been 21.1 pence, a 46% increase, the company added.
Total sales, on an IFRS basis, for the year ended December 31, 2011 jumped to 1.12 billion pounds from 588.55 million pounds in the prior year.
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