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Ricardo FY Pretax Profit Slightly Declines - Quick Facts

Ricardo plc (RCDO.L) reported profit before tax of 32.2 million pounds for the full year ended 30 June 2017 compared to 33.0 million pounds, previous year. Profit to owners of the parent decreased to 24.6 million pounds or 46.4 pence per share from 25.6 million pounds or 48.1 pence per share. Underlying pretax profit increased to 38.3 million pounds from 37.7 million pounds, last year. Underlying earnings per share was 55.2 pence compared to 54.7 pence.

Full year revenue was 352.1 million pounds compared to 332.4 million pounds, a year ago. Using exchange rates consistent with the prior year, revenue would have been 336.9 million pounds which represent growth of 1% on the prior year.

Dave Shemmans, Chief Executive Officer said: "Our Rail and Environmental consultancies delivered strong results at both revenue and operating profit levels, as did our Performance Products business. Within Performance Products we were pleased to deliver our 10,000th engine to McLaren and to be selected to design and produce an advanced hypercar transmission for Aston Martin."

The total (paid and proposed) dividend for the year has increased by 7% to 19.3 pence per ordinary share. The proposed final dividend of 13.88 pence will be paid on 17 November 2017 to shareholders who are on the register of members at the close of business on 27 October 2017.

by RTTNews Staff Writer

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