24th Sep 2013 09:29
LONDON (Alliance News) - Regenersis PLC Tuesday reported a jump in profits for its last financial year, buoyed by higher revenues and after last year's result was hit by restructuring charges, and said trading in the current year is in line with market hopes with new business wins running ahead of the same period last year.
The company, which provides outsourcing for consumer technology companies, reported a net profit of GBP4.7 million for the 12 months to end-June, compared with a profit of GBP1.4 million a year earlier when it had booked GBP4.9 million of restructuring costs.
Revenues rose to GBP179.7 million, from GBP139.9 million, lifted by acquisitions and new business wins.
It is proposing a final dividend of 1.83 pence a share, meaning its total dividend will be 2.5P, up from 1.1P the previous year.
"The opportunity exists to maintain these levels of growth for the foreseeable future," Chairman Matthew Peacock said in a statement. "We have invested in our management team to continue the pace of progress and expect future success."
The company's shares were up 6.2% at 257.5 pence Tuesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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