Cohort plc (CHRT.L), an aerospace and defense company, on Wednesday reported higher pre-tax profit for the fiscal year 2024, and said it continues to expect another year of good growth in trading performance for fiscal 2025.
The group's statutory profit before tax for the year grew 42 percent to 19.8 million pounds. On a per share basis, earnings grew 36 percent to 37.87 pence from 27.92 pence.
On an adjusted basis, earnings per share rose by 18 percent to 42.89 pence, reflecting the improved performance as well as tax credits received in overseas territories.
The Group's revenue for the year grew 11 percent to 202.5 million pounds, driven by growth across its divisions.
In addition, the Group said its board is recommending a final dividend of 10.10 pence per ordinary share, payable on 2 October 2024 to shareholders on the register at 23 August 2024, subject to approval at the AGM on 24 September 2024.
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