Babcock International Group PLC (BAB.L) reported profit before tax of 224.6 million pounds on a statutory basis for the year ended 31 March 2013, compared to 173.0 million pounds prior year.
Profit for the year from continuing operations rose to 196.3 million pound or 52.4 pence per share, from 157.2 million pounds or 42.8 pence per share prior year. Profit to owners of the parent was 175.2 million pounds or 48.2 pence per share, compared to 100.8 million pounds or 28.0 pence per share prior year.
Group revenue increased to 3.03 billion pounds from 2.85 billion pounds last year.
On an underlying basis, Profit before tax was 317.8 million pounds, compared to 274.1 million pounds last year. Total revenue was 3.24 billion pounds, compared to 3.07 billion pounds last year.
The Board of the Group recommended a final dividend of 20.0 pence per share. This will give a total dividend for the year of 26.3 pence per share, an increase of 16% from last year. The dividend will be paid on 8 August 2013 to shareholders on the register at close of business on 5 July 2013. The Board said it is confident that Babcock will continue to make further strong progress over the coming year.
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