Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Cookson Group 2011 Pre-tax Profit Up - Quick Facts

Cookson Group PLC (CKSN.L) reported 2011 pre-tax profit of 211.6 million pounds, higher than 189.4 million pounds last year.

Earnings per share were up to 52.3 pence from the previous year's 51.7 pence.

Headline pre-tax profit rose to 261.5 million pounds from 222.1 million pounds in the prior year.

Group revenue reached 2.83 billion pounds, up 11% from last year, in part reflecting the pass through to customers of significantly higher commodity metals prices for tin, silver and gold. On an underlying basis, Group revenue increased by 9%.

Further, the Board is recommending a final dividend of 14.50 pence per share, an increase of 26%. The final dividend is to be paid on 11 June 2012 to shareholders on the register on 4 May 2012.

While the macro-economic outlook remains uncertain, feedback from the company's customers and third party industry forecasters continues to indicate mid-single digit growth globally in its main end-markets in 2012, with generally weaker demand in Europe offset by continued growth in the Americas and Asia-Pacific. The Board is confident of the group's ability to achieve further progress in the current year towards its 2013 targets, driving further value for shareholders.

Register
To receive FREE breaking news email alerts for Cookson Group Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Fashion retailer Gap Inc. said Thursday after the markets closed that its second quarter profit rose 10% from last year, helped by higher sales and a gain from asset sale. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarter sales. Separately, Gap announced plans to enter India through franchise-operated Gap brand stores in 2015. While buying interest was somewhat subdued, stocks moved mostly higher over the course of the trading day on Thursday. The gains on the day extended the recent upward trend by the markets, lifting the S&P 500 to a new record closing high. Republicans have not found much to like about President Barack Obama's nearly six years in office, but the results of a new Washington Post-ABC News poll show that a vast majority support the president's decision to launch airstrikes in Iraq.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.