RWS Holdings plc (RWS.L), a provider of intellectual property translation, filing and search services, Thursday reported profit before tax of 60 million pounds for the full year compared with loss before tax of 10.9 million pounds in the previous year, primarily helped by gain of 30 million pounds on disposal of business, as well as lower impairment loss.
The company recorded impairment loss on intangible assets of 11.7 million pounds compared with 62.4 million pounds loss a year ago. Also, there was an exceptional loss of 3.4 million pounds this year compared with 22.6 million pounds in the prior year.
Excluding one-time items, adjusted profit before tax declined to 106.7 million pounds form 120.1 million pounds last year.
Operating profit was 5.8 million pounds compared with loss of 6.9 million pounds. Adjusted operating profit decreased to 112.3 million pounds from 123.8 million pounds a year ago.
RWS posted net profit of 47.5 million pounds or 12.8p per share compared with loss of 27.7 million pounds or 7.1p per share last year.
Adjusted profit was 80.1 million pounds or 21.6p per share, down from 90.5 million pounds or 23.3p per share a year ago.
Revenue for the year declined to 718.2 million pounds from 733.8 million pounds in the previous year.
The Board has recommended a final dividend of 10p per share, to be paid on February 14 to shareholders on the register on January 17.
Looking ahead, the company sees modest organic constant currency revenue growth in fiscal 2025.
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