27th Feb 2023 10:34
(Alliance News) - Senior PLC on Monday reported a double-digit rise in yearly revenue, but suffered a slight decrease in profit.
Shares were up 2.0% to 165.60 pence each on Monday morning in London.
The components and systems manufacturer said revenue for 2022 was GBP848.4 million, up 29% from GBP658.7 million a year earlier.
Pretax profit, however, amounted to GBP22.4 million, down 5.5% from GBP23.7 million, as basic earnings per share declined by 16% to 4.86 pence from 5.82p a year prior.
It swung to an adjusted pretax profit of GBP20.1 million, from a loss of GBP1.9 million, as adjusted earnings per share increased to 4.36p per share from 0.17p a year prior.
Chief Executive Officer David Squires said: "We have delivered a strong set of results for 2022, overcoming what was a difficult macroeconomic environment."
The company declared a total dividend of 1.30 pence per share, compared to none a year earlier.
Looking ahead, Senior said it expects strong growth in 2023 in line with expectations.
By Xindi Wei, Alliance News reporter
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