LONDON (dpa-AFX) - Oxford Instruments plc, (OXIG.L), a provider of high technology tools and systems for industry and research, Tuesday reported a lower pre-tax profit for the full year in spite of increase in revenues. However, on an adjusted basis, the company recorded an increase in pre-tax profit.
For the year, the company reported pre-tax profit of 29.6 million compared with 36.1 million last year. Adjusted profit before tax increased 14.8 percent to 48.2 million pounds from prior year's 42 million.
After tax, profit for the year attributable to equity shareholders of the parent was 22 million pounds,compared with 24.8 million pounds reported a year ago. On a per share basis, the company reported earnings of 38.8 pence compared with 45 pence per share last year.
Adjusted profit for the year after tax increased to 38.3 million pounds from 33.2 million pounds last year. Adjusted earnings per share were up 10.9 percent to 68.3 pence per share compared with 61.6 pence per share previous year.
Revenues generated were 350.8 million, a 4 percent increase compared with 337.3 million reported prior year.
The company proposed a final dividend of 8.15 pence per share payable on October 24 to shareholders on record on September 27, totaling the dividend for the year to 11.2 pence per share.
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