LONDON (dpa-AFX) - e2v technologies plc (E2V.L) announced its results for the year ended 31 March 2012 posting pre-tax profit of 32.04 million pounds versus 25.83 million pounds last year.
Earnings per share rose to 10.86 pence from 9.05 pence a year ago.
Adjusted pre-tax profit was 39.4 million pounds, compared to 33.63 million pounds last year.
Revenue grew 3 percent to 234.62 million pounds from 228.58 million pounds a year earlier, reflecting the steady growth in underlying revenue of 10%, and effectively reaching the end of the company's last time buy activities following completion of its reorganisation last summer.
The board proposed a final dividend of 2.8 pence, giving an annual increase in full year dividends of 14%.
e2v technologies said it made good progress in building its US and Asia infrastructure and in establishing customer engagement in the new applications of SLiM and industrial processing systems. The company anticipates continued progress in building its order book in these areas, though it remains, in many respects, still in the development phase. Consequently, e2v would expect to see meaningful revenue contribution arising from these areas in the second half of 2012/13.
The rest of the business remains robust and the Board anticipates continued positive progress during the current financial year.
Copyright RTT News/dpa-AFX
© 2012 AFX News
