Friday, July 1, 2011

De La Rue Increase in sales of currency counting machine

De La Rue plc Reports Preliminary Consolidated Earnings Results for the Year Ended March 26, 2011; Proposes Final Dividend, Payable on August 4, 2011

De La Rue plc reported preliminary consolidated earnings results for the year ended March 26, 2011. For the quarter, the company has reported revenue of £463.9 million compared to £561.1 million for the same period a year ago. Operating profit was £24.8 million compared to £101.7 million for the same period a year ago. Profit before interest and taxation was £79.9 million compared to £108.0 million for the same period a year ago. Profit before taxation was £72.8 million compared to £96.6 million for the same period a year ago. Profit attributable to equity shareholders of the company was £66.9 million compared to £69.9 million for the same period a year ago. Diluted EPS was 67.2 pence compared to 70.5 pence for the same period a year ago. Net cash flows used in operating activities was £15.5 million compared to net cash flows provided by operating activities of £95.1 million for the same period a year ago. Purchases of property, plant, equipment and software intangibles was £30.7 million compared to £33.1 million for the same period a year ago. Headline earnings per share was 24.0 pence compared to 76.2 pence for the same period a year ago. The company announced final dividend per equity share of 28.2 pence has been proposed for the year ended 26 March 2011, payable on 4 August 2011. Record date of ordinary dividend is on July 8, 2011. Ex dividend date is on July 6, 2011. Together with the interim dividend paid in January 2011, this will give a total dividend for the year of 42.3 pence compared to 42.3 pence per share for the same period a year ago.

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