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AVEVA Slips To Loss In H1, Revenues Down; Sees FY Results In Line With View

AVEVA Group Plc. (AVV.L), a provider of engineering data and design IT systems, reported Tuesday that its first-half loss before tax was 0.8 million pounds, compared to last year's profit of 14.2 million pounds. Loss per share were 3.99 pence, compared to profit of 16.75 pence a year ago.

Adjusted profit before tax was 9.3 million pounds, compared to 17.1 million pounds last year Adjusted basic earnings per share were 10.06 pence, compared to 20.50 pence last year.

Revenue for the period declined 5 percent to 82.0 million pounds from 85.9 million pounds last year.

Further, the Board declared an interim dividend of 6.0 pence per share, an increase of 9%. The dividend will be payable on 29 January 2016, to shareholders on the register on 4 January 2016.

Looking ahead, the company said it anticipates a result in line with the Board's expectations for the full year.

by RTTNews Staff Writer

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