Chamberlin PLC (CMH.L) reported statutory profit before tax of 0.9 million pounds for the year ended 31 March 2013, compared to 1.4 million pounds prior year. Statutory earnings per share was 9.6 pence, compared to 14.5 pence per share last year.
The underlying profit before tax decreased to 1.3 million pounds from 1.7 million pounds and underlying earnings per share was 13.4 pence, compared to 16.5 pence prior year.
Revenues decreased to 42.2 million pounds from 45.5 million pounds, with a slight softening of demand in the first half followed by a further slowdown in the second half of the financial year.
The Board of Chamberlin has recommended the payment of a final dividend of 2.0 pence per share, to be paid on 26 July 2013 to shareholders on the register at 5 July 2013. This brings the total dividend for the year to 3.25 pence per share.
Chamberlin PLC also announced that Tim Hair has given notice that he will be stepping down from the Board and the company next May 2014, or sooner, if an appropriate replacement is found before that date. The Board has commenced the search for Tim's successor.
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