e2v technologies plc, (E2V.L), a provider of specialist technology for high performance systems and equipment, Monday reported a decline in the pre-tax profit for the full year, reflecting lower revenues.
For the year, the company reported a pre-tax profit of 34.2 million pounds, decreased from prior year's 32 million pounds. On an adjusted basis, the group's pre-tax profit declined to 30.8 million pounds from 38.6 million pounds reported during the prior year.
After tax, profit for the year was 26.7 million pounds compared with 23.5 million pounds last year.
Earnings per share were 12.53 pence for the year, up from 11.12 pence reported last year, including profit on disposal of non-core businesses and the sale of the surplus property in Grenoble. Adjusted earnings per share were 11.07 pence, on reduced financing costs through lower borrowings and the full year benefit of the group's facility that was arranged in July 2011 along with a reduction in tax rate to 23.3 percent.
Excluding the disposal businesses, revenues for the period declined to 196.8 million pounds from 219.8 million pounds last year.
The Board further recommended an unchanged final dividend of 2.8 pence per share, making a total dividend for the year of 4.1 pence.
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