Ricardo Plc (RCDO.L) posted a decline in its profit for the six-month period ended December 31, 2012, but with a modest increase in revenues.
For the half year, profit, after tax and specific adjusting items, was 4.9 million pounds, compared to 5.4 million pounds last year. Earnings per share slid to 9.4 pence from 29.0 pence.
Profit before tax decreased to 5.9 million pounds from 17.6 million pounds, while underlying profit before tax rose to 7.3 million pounds from 6.3 million pounds for the comparable period last year.
For the first half, revenues were 100.3 million pounds, including 4.9 million pounds for Ricardo-AEA. This compares to revenues of 92.2 million pounds in the same period last year.
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