Thursday May 15, 08:44 AM
Phoenix IT full year pretax pre-ex up 20.2 percent; revenue up 82.1 percent
LONDON (Thomson Financial) - Phoenix IT Group Plc. reported a 20.2 percent rise in its full year pretax profit, before non-recurring items and amortisation of acquired intangibles, and said it remains positive about the outlook for the current
year and beyond.
The IT services company said for the year ended March 31, its pretax profit, excluding one-offs and amortisation of acquired intangibles, rose to 25.6 million pounds from 22.7 million, while statutory pretax profit fell to 15.5 million pounds from 19.3 million.
Its revenues grew 82.1 percent to 230.8 million pounds from 126.7 million.
The company raised its final dividend by 15 percent to 3.65 pence, taking total dividend for the year to 5.48 pence, up from 4.764 pence last year.
Jeremy Stafford, chief executive, said: 'We have achieved good momentum into the current financial year and, in spite of continuing macro economic uncertainties, we remain positive about the outlook for the current year and beyond.'
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