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Senior H1 Profit Climbs; Group CEO To Retire
[August 04, 2014]

Senior H1 Profit Climbs; Group CEO To Retire

(dpa-AFX International Compact Via Acquire Media NewsEdge) LONDON (dpa-AFX) - Senior plc (SNR.L), a manufacturer of high technology components and systems, said its first-half 2014 statutory pre-tax profit advanced to 45.1 million pounds, from last year's 37.1 million pounds, with adjusted pre-tax profit rising year-over-year to 50.1 million pounds, from 48.3 million pounds. On a constant currency basis, adjusted pre-tax profit increased by 11.8%.

On a per share basis, earnings for the first half of 2014 were 8.55 pence, higher than 7.93 pence, reported a year back. On an adjusted basis, per-share earnings for the recent period stood at 9.52 pence.

Half-yearly revenue on continuing operations totaled 400.4 million pounds, compared with last year's 399.3 million pounds.

In addition, the firm's interim dividend is being increased by 10% to 1.67 pence per share, reflecting the Group's solid first half performance and encouraging future prospects. It would be paid on November 28, 2014 to shareholders on the register at the close of business on October 24, 2014.

Having served for 15 years on the board, Group Chief Executive, Mark Rollins, has decided to retire from a full-time executive career in the first half of 2015.

Copyright RTT News/dpa-AFX

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