H&T Group PLC (HAT.L) reported that its full year 2012 profit before taxation decreased to 16.97 million pounds from 23.47 million pounds last year. The Group said a fall in gold purchasing profits accounted for the majority of this decline, together with the increased cost base associated with the store expansion programme. Gross profits fell by 4.8%.
Profit for the financial year and total comprehensive income was 12.90 million pounds, compared to 18.13 million pounds last year. Profit per share from continuing operations decreased to 33.94 pence from 48.39 pence prior year.
Revenue increased to 129.70 million pounds from 125.52 million pounds last year.
The Group said, subject to shareholder approval, a final gross dividend of 8.05 pence per ordinary share will be paid on 7 June 2013 to shareholders on the register at the close of business on 10 May 2013. This will bring the full year dividend to 11.85 pence per ordinary share. This represents an increase of 10.2% over prior year.
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