Invensys PLC (ISYS.L) reported profit before taxation of 15 million pounds for the year ended 31 March 2013, compared to 47 million pounds last year. Profit after taxation from continuing operations to equity holders of the parent was 1 million pounds or 0.1 pence per share, compared to 38 million pounds or 4.7 pence per share last year.
Profit for the year to equity holders of the parent was 125 million pounds or 15.3 pence per share, compared to 98 million pounds or 12.0 pence per share prior year.
Underlying profit per share from continuing operations was 8.4 pence, compared to 5.3 pence last year.
Order intake was 1.70 billion pounds, down 3% from last year. Invensys Operations Management improved in the second half to produce orders in line with last year but Invensys Controls experienced a further market-led decline, the Group said.
Revenue from continuing operations increased to 1.79 billion pounds from 1.76 billion pounds last year. Revenue increased 2% driven by order book conversion at Invensys Operations Management more than offsetting the decline at Invensys Controls.
The Board of Invensys has recommended a final dividend of 2.85 pence per share, which brings the total dividends payable in respect of the year ended 31 March 2013 to 4.6 pence per share, an increase of 5% from last year. The Board said it remains committed to a progressive dividend policy with future dividend growth reflecting the long-term sustainable trend in underlying earnings per share and free cash flow.
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