logo
Share SHARE
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

24 Articles
Editors Pick
The performance of Biotech stocks thus far this month is nothing to write home about, if we were to look at it from the standpoint of the movement of the NYSE Arca Biotechnology Index. A peek at what transpired on the FDA front in August and a preview of what September holds in store for us look pertinent. United Continental Holdings, Inc. on Monday appointed Scott Kirby as President of United Airlines with immediate effect. Kirby, an industry veteran aged 49, joins United from American Airlines Group Inc., where he was president since 2013, following the merger of American Airlines and US Airways. Meanwhile, American announced that Chief Operating Officer Robert Isom will become the President. Apple Inc. (AAPL) has scheduled its annual hardware event on Wednesday, September 7, when the tech giant is expected to unveil the most-awaited smartphone of the year-- iPhone 7. Apple has sent out invitation to the media and published the event on its website with a simple title "See you on the 7th." Although,...
comments powered by Disqus
Follow RTT