ICAP plc (IAP.L,IAPLY.PK,IAPLF.PK) posted full-year pre-tax profit of 217 million pounds versus 233 million pounds last year.
Before acquisition and disposal costs and exceptional items, pre-tax profit was 354 million pounds, compared to 350 million pounds a year ago.
Earnings per share were 20.8 pence versus 28.2 pence in the prior year. Earnings per share, adjusted basic, increased to 40.1 pence from last year's 39.9 pence.
Revenue declined to 1.68 billion pounds from 1.74 billion pounds a year ago. Uncertainty in the Eurozone and constraints on market liquidity resulted in a fall in voice revenue and a marginally lower performance in the company's electronic business. In contrast, the post trade risk and information business saw strong growth.
Michael Spencer, Group Chief Executive Officer, said, "ICAP delivered a solid performance in 2011/12 against a difficult economic environment. The fact that we maintained profitability in a year when trading volumes were under such pressure is testament to the effectiveness of our diversified business, our global presence, our people and the actions we took to manage our cost base as market conditions changed.
"In the last quarter of our financial year we saw an improvement in risk appetite in some markets. However activity in April and early May was slow with the ongoing euro crisis and regulatory uncertainty depressing trading volumes. Some resolution on these important issues would give a big and welcome lift to market sentiment.."
For the current year, the board proposed to increase the final dividend to 16.00 pence, which will result in an increase in the full-year dividend of 2.05 pence to 22.00 pence. The final dividend will be paid on 20 July 2012 to shareholders on the register on 29 June 2012.
ICAP said it reduced costs last year and is embarking on a structural overhaul that it expects will result in further significant run-rate savings of at least 50million pounds per annum by the end of March 2014.
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