19th Sep 2013 06:44
LONDON (Alliance News) - Electronics Wholesaler, Premier Farnell PLC(PFL.L), Thursday reported an increase in pre-tax profit for the first half of the year, reflecting higher revenues, and lesser impact of special items.
For the six-month period, the company reported total profit before taxation from continuing operations of 38.1 million pounds, a 19.8 percent increase from 31.8 million pounds a year ago. The company reported adjusted items of 0.2 million pounds, compared with 7.9 million pounds last year. Adjusted for these special items, profit before tax was 37.9 million pounds, compared with 39.7 million pounds a year earlier.
After tax, earnings per share were 7 pence per share, compared with 6.2 pence per share during the same period last year. Adjusted earnings per share were 7.1 pence per share, compared with 7.8 pence per share during the prior year.
Revenues for the period increased 0.9 percent to 498.2 million pounds, from 479.2 million pounds generated a year earlier.
The company declared an interim dividend of 4.4 pence per share, payable on October 24 to shareholders of record on September 27.
Separately, the company announced the appointment of Peter Ventress as one of its non-executive directors, with effect from October 1, 2013.
Copyright RTT News/dpa-AFX
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