Driver Group plc (DRV.L) reported profit before tax of 1.4 million pounds for the six months ended 31 March 2013, compared to 0.7 million pounds prior year. Profit attributable to equity shareholders of the parent increased to 1.1 million pounds or 4.1 pence per share, from 0.6 million pounds or 2.3 pence per share prior year.
The Group said the growth in earnings is largely the result of the benefits of the acquisition of Trett in May 2012.
Underlying profit before tax was 1.5 million pounds compared to 0.8 million pounds prior year. Underlying basic earnings per share increased to 4.8 pence from 2.6 pence prior year.
Revenue increased to 18.5 million pounds from 10.6 million pounds last year.
The Board of Driver Group has declared an interim dividend for 2013 of 0.5 pence per share which will be paid on 2 August 2013 to shareholders on the register at the close of business on 5 July 2013.
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