FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
International Business Machines Corp. (IBM) Monday predicted that Cyber Monday online sales would grow by more than 18 percent compared to 2014. Driven by a surge in mobile shopping, consumers indicate that Samsung, Sony and LG TVs as well as Apple Watch and Beats by Dre are at the top of their shopping... As the Black Friday din settles down, it is time to look back at how various players and products fared and Adobe has offered some insight into just that. Mobiles and smartphones sold like hot cakes, according to online shopping data released by Adobe. After nearly a 2-year hiatus following its announcement that it is testing unmanned drones, Amazon finally offered a glimpse into the prototype and its functioning. It remains to be see if the company can work around regulatory hurdles to make it a reality.
comments powered by Disqus
Follow RTT