Kainos Group plc (KNOS.L), a software company, Monday reported profit before tax of 48.64 million pounds for the full year, lower than 64.77 million pounds in the previous year.
Additionally, the company announced a share repurchase program of 30 million pounds, to be executed over the next 6 months.
Excluding one-time items, adjusted profit before tax decreased to 65.64 million pounds from 77.19 million pounds last year.
Operating profit reduced to 42.53 million pounds from 60.77 million pounds in the prior year.
Profit after tax was 35.56 million pounds or 28.2p per share, down from 48.72 million pounds or 38.6p per share a year ago.
Adjusted profit after tax declined to 48.30 million pounds or 38.3p per share from 58.76 million pounds or 46.5p per share last year.
Revenue for the year dropped 4% to 367.25 million pounds from 382.39 million pounds in the prior year.
The company's Board has proposed a final dividend of 19.1p per share, to be paid on October 24, to shareholders of record on October 3.
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