VOLEX plc (VLX.L) posted a decline in 2012 pre-tax profit to $19.21 million from $20.31 million a year ago.
Profit attributable to owners was $17.18 million or 29.4 cents per share, higher than a year earlier.
Normalised gross margin was up to 19.8%, from 18.8% in the previous year. This margin growth helped to increase normalised operating profit to $32.0 million, an improvement of 23% over last year, despite important investments, particularly in the sales, operations and technology functions.
Group revenue for the year increased 6% to $517.77 million, primarily driven by the Consumer and Healthcare sectors.
Looking forward, the company enters full-year 2013 with good trading momentum and is well-positioned to generate continued growth in revenues, margins and profit, in line with management's expectations.
Further, the Board is proposing a final dividend of 3 cents per share, increasing the full year dividend to 4.5 cents, to be paid after obtaining shareholder approval at the AGM on 26 July 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.