TP ICAP Group plc (TCAP.L) Tuesday reported profit before tax of 214 million pounds for the full year, significantly higher than 96 million pounds in the previous year, primarily due to lower one-time expenses.
Excluding special items, adjusted profit before tax increased 12 percent to 303 million pounds from 271 million pounds last year.
Attributable earnings rose to 167 million pounds or 21.3p per share from 74 million pounds or 9.3p per share a year ago.
Adjusted attributable earnings increased to 241 million pounds or 30.7p per basic share from 227 million pounds or 28.6p per share last year.
Revenue for the year grew 3 percent to 2.253 billion pounds from 2.191 billion pounds in the prior year.
The Board is recommending a final dividend of 11.3p per share to be paid on May 23 to shareholders of record on April 11.
Additionally, the company has launched its fourth 30 million pounds share buyback program, with a total of 120 million pounds completed or announced in the past 18 months.
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