Tuesday, SDL Plc (SDL.L), a global information management solutions provider, reported a 56% rise in full-year 2008 pre-tax profit, largely driven by strong revenue contributions in language technology and translation services sectors.
Profit before tax for the year was up at £19.9 million from £12.7 million in the prior-year period. Profit before tax and amortization of intangibles increased 49% to £25.6 million from £17 million a year ago.
Profit for the year increased to £14.5 million from £9.2 million. Profit attributable to equity holders of the parent was £14.5 million or 18.75 pence per share, compared to £9.2 million or 12.83 pence per share. Adjusted earnings per share were up at 24.38 pence, versus last year's 17.42 pence.
Revenue rose 35% to £158.8 million from £117.4 million prior year. Revenues in the Language Technology divisions increased 59%, while Translation Services division's revenues witnessed a 26% rise.
Looking forward, the company believes that while 2009 may be a challenging year, it sees a long-term continued strong growth, citing that businesses are attracted to the value and efficiencies of the group.
Currently, the stock is up 1.75 pence, trading at 255 pence on the London Stock Exchange.
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