Renishaw plc (RSW.L), an engineering and scientific technology company, on Thursday reported a lower profit before tax, while revenue grew and adjusted results improved for the year compared with the previous year.
For the year ended June 31, profit before tax declined to 118 million pounds from 122.60 million pounds in the prior year.
Earnings per share were 115.2 pence versus 133.2 pence last year.
Adjusted profit before tax increased to 127.2 million pounds from 122.6 million pounds in the previous year.
Adjusted earnings per share were 137.8 pence versus 133.2 pence last year.
Operating profit declined to 107.89 million pounds from 108.67 million pounds in the previous year.
Revenue increased to 713.04 million pounds from 691.30 million pounds last year.
Further, for the year, an interim dividend of 16.8 pence per share was paid compared with last year's 16.8 pence, and a final dividend of 61.3 pence per share is proposed, compared with last year's 59.4 pence. This brings the total dividend to 78.1 pence per share, up 2.5% from the prior year.
The company said management remains focused on achieving medium-term financial targets of high single-digit average through-cycle revenue growth and adjusted operating profit margins of 20%.
On Wednesday, Renishaw closed trading, 1.43% higher at 3,195 pence on the London Stock Exchange.
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