Premier Farnell plc. (PFL.L) reported that its total profit before tax for financial year ending 1 February 2015 dropped 7.6% to 69.1 million pounds from the prior year's 74.8 million pounds.
Profit attributable to owners of the parent declined to 47.5 million pounds from 51.4 million pounds in the previous year. Earnings per share decreased to 12.8 pence from 13.9 pence in the prior year.
Adjusted basic earnings per share for the financial year was 13.8 pence compared to 14.3 pence in the previous year.
Annual revenue dropped to 960.1 million pounds from 968.0 million pounds in the prior year.
The Board recommended that the final dividend is maintained at 6.0 pence per share (2013/14: 6.0 pence per share), making a total for the year of 10.4p per share (2012/13: 10.4p per share). The final dividend, subject to approval at the Annual General Meeting on 16 June 2015, is payable on 25 June 2015 to shareholders on the register at 28 May 2015.
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