LONDON (dpa-AFX) - Regus Plc (RGU.L), a provider of office outsourcing services, on Tuesday reported that its fiscal 2011 pre-tax profit surged to 45.5 million pounds from 7.8 million pounds last year. Excluding exceptional charges, prior year's adjusted pre-tax profit was 23.6 million pounds.
Earnings per share surged to 4 pence from 0.2 pence a year ago.
Mature earnings per share, from centres opened prior to January 1, 2010, climbed 58 percent to 8.7 pence from 5.5 pence in the prior year.
Group revenues increased 11.8 percent to 1.16 billion pounds from prior year's 1.04 billion pounds. On a like-for-like basis, Mature business' sales increased 3.8 percent to 1.04 billion pounds.
Chief Executive Mark Dixon said, 'Regus has delivered a strong set of results... The continuing strength of our mature business is especially pleasing... I am also heartened with the positive EBIT contribution made by our 2010 openings in the second half of the year.'
Further, the company said its Board is recommending a 14 percent increase in final dividend to 2 pence per share, making a full year dividend of 2.9 pence, a growth of 12 percent from last year.
Looking ahead, Dixon said, 'Whilst in the near term we foresee the general business environment remaining challenging at a macro level, we remain optimistic about the long term growth prospects and strategy of the business.'
The company added that the current trading remains in line with the Board's expectations.
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