Intertek Group Plc. (ITRK.L) announced its full year results for the year ended 31 December 2012, reporting that profit before income tax rose to 256.6 million pounds from 213.0 million pounds last year.
Profit attributable to equity holders of the company for the year increased to 173.8 million pounds from 138.8 million pounds in the previous year. On a per share basis, net income was 106.7 pence, up from 85.3 pence last year.
Adjusted earnings per share were 131.2 pence, up from 107.2 pence in the comparable period.
Annual revenue rose to 2.05 billion pounds from 1.75 billion pounds in the prior year.
Revenue increased by 17% to 2.05 billion pounds at actual exchange rates, and 18% at constant exchange rates, principally due to strong organic growth and strong growth in the acquired Moody International business. Excluding the results of acquisitions made since 1 January 2011, organic revenue increased by 8.6% at constant exchange rates with all divisions contributing to this growth. The Group's pro-forma organic revenue growth, including Moody, was 10.5% at constant exchange rates in 2012.
The company said that its board recommends a full year dividend of 41.0 pence per share, an increase of 22%. An interim dividend of 13.0 pence per share, compared to 10.7 pence was paid to shareholders on 16 November 2012.
The Directors will propose a final dividend of 28.0 pence per share at the Annual General Meeting on 17 May 2013, to be paid on 7 June 2013 to shareholders on the register at close of business on 24 May 2013. If approved, this will make a full year dividend of 41.0 pence per share (2011: 33.7pence), an increase of 22%.
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