First Derivatives Plc. (FDP.L) announced its results for the twelve months ended 28 February 2013. Reported pre-tax profits decreased 11.3% to 6.2 million pounds from the prior year's 6.9 million pounds.
Post-tax profit for the year was 5.1 million pounds, down from 5.9 million pounds last year. Earnings per share slip to 27.9 pence from 32.8 pence in the prior year.
Normalised pre-tax profits recorded growth of 6.7% to 7.8 million pounds compared to 7.3 million pounds in 2012. Operating margins were impacted by a rise in administration costs due primarily to investment in the expansion of our global presence in response to customer demands.
Revenue for the year increased 22.5% to 56.5 million pounds from 46.1 million pounds, as restated, in the previous year.
The Group continues to generate positive operating cash flows and this has allowed the Board to recommend payment of a final dividend of 8.40p per share which, together with the interim dividend of 3.10 pence per share paid on 6 December 2012, gives a total dividend for the year of 11.50 pence.
The final dividend, if approved at the AGM, will be paid on 26 July 2013 to those shareholders on the register on 28 June 2013. The shares will be marked ex-dividend on 26 June 2013.
Based on the health of current sales pipeline the company anticipates reporting further growth in the year to 28 February 2014.
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