Electrocomponents plc (ECM.L) reported a 7% rise in full-year pre-tax profit to 122.3 million pounds from 114.0 million pounds a year before. The company said all regions contributed to this growth with International contribution increasing by 10% and the UK up by 4%, which was partially offset by an 8% rise in Process costs, reflecting increased variable costs associated with the strong International sales growth and continued investment in the implementation of the electronics and eCommerce strategies.
Profit for the year attributable to equity shareholders was 84.9 million pounds, higher than last year's 78.2 million pounds, with earnings per share rising to 19.3 pence from 17.7 pence in the comparable period.
Revenue for the year ended March 31, 2012 was 1.27 billion pounds, compared with 1.18 billion pounds in the previous year.
The board is proposing to recommend an increase of 4% in the final dividend for the year to 6.75 pence per share, payable on July 20, 2012 to shareholders on the register on June 22, 2012.
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by RTT Staff Writer
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