Ricardo plc (RCDO.L) reported its preliminary results for the full year ended 30 June 2012. Profit before taxation increased to 17.6 million pounds from 15.4 million pounds prior year. Earnings per share was 29.0 pence compared to 29.3 pence prior year. Revenue increased to 197.4 million pounds from 196.5 million pounds prior year. The Group's proposed final dividend of 8.7 pence will be paid on 20 November 2012 to all shareholders on the register at the close of business on 19 October 2012.
The Group said its investment in Asia with the formation of a new leadership and business development team is expected to capture potential from one of the current key global growth areas. Ricardo believes this provides further resilience against a currently challenging economic backdrop.
Dave Shemmans, Chief Executive Officer, commented: "With profit before tax up 14%, a strong order book and a robust balance sheet, the platform for the future of the business remains very healthy. Despite an unpredictable world economy, we remain confident for the future."
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by RTT Staff Writer
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