15th Mar 2016 09:36
LONDON (Alliance News) - Content management and language translation company SDL PLC on Tuesday said it swung to a pretax loss in 2015 after booking an impairment charge on its restructuring, though revenue edged higher and the group pushed up its dividend payout.
SDL said it swung to a pretax loss of GBP25.2 million in the year to the end of December, from a GBP9.4 million profit a year earlier, as the company booked goodwill charges on a slew of its businesses, plus further one-off costs related to redundancy costs stemming from its business review.
Stripping out the one-off costs it booked in the year, pretax profit rose to GBP20.6 million from GBP16.5 million.
As part of the operating review undertaken in 2015, SDL also said it has decided to sell its Fredhopper, Social Intelligence and Campaign & Analytics businesses, all of which have been deemed non-core.
Revenue grew to GBP266.9 million from GBP260.4 million, with a strong performance in SDL's Language Services unit and broadly flat trading for its Language Technologies and Global Content Management units.
SDL said its revenue and pretax profit before exceptional items met its expectations for the year and proposed a dividend for the year of 3.1 pence per share, up 24% on 2014.
"In the long term, we are excited by the growth potential for SDL. In the short term we will continue to drive efficiency within our business in order to invest in the platforms we need for future growth. As a result, the board remain confident of another year of profit growth," said Executive Chairman David Clayton.
SDL shares were down 3.1% to 419.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
SDL.L