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Cookson Group 2011 Pre-tax Profit Up - Quick Facts

2/27/2012 2:36 AM ET

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.

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by RTT Staff Writer

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