3rd Sep 2013 06:28
LONDON (Alliance News) - Genus Plc (GNS.L), an animal genetics company, said its full-year statutory pre-tax profit slid 30% to 38.1 million pounds, from 54.4 million pounds, while adjusted pre-tax profit rose 2% to 47.2 million pounds, from 46.5 million pounds a year before.
Annual earnings per share, on a statutory basis, totaled 44.3 pence, down from the prior year's 65.0 pence, and were affected by the exceptional items and IAS 41 fair value movements, the company added. On the other hand, adjusted earnings per share for the recent year amounted to 54.3 pence.
Revenue for the year ended June 30, 2013 grew 1% to 345.3 million pounds, from 341.8 million pounds in the previous year. The growth in revenue was strong in particular in Asia, with a 15% increase, more than offsetting lower revenues in Genus PIC in Latin America and Europe, which were due to an increased mix of royalty business and the planned exit from the European parent gilt market, as part of our strategy to focus on higher value business, Genus noted.
In addition, the board is recommending a final dividend of 11.1 pence per ordinary share. Considering the interim dividend of 5.0 pence per share paid in April 2013, this would result in a total dividend for the year of 16.1 pence per ordinary share, representing a 10% growth for the year as a whole.
Copyright RTT News/dpa-AFX
Related Shares:
Genus