Morgan Sindall Group Plc (MGNS.L) posted lower annual profit attributable to owners of the company of 30.8 million pounds, versus last year’s 32.9 million pounds. Pre-tax profit dropped 15% year-on-year to 34.2 million pounds, from 40.0 million pounds, while profit before tax, amortisation and non-recurring items improved 4% to 47.1 million pounds, from 45.3 million pounds.
Excluding amortisation of intangible assets, full-year adjusted basic earnings per share has decreased from 85.6 pence to 78.8 pence, due to the decline in profitability offset by the decrease in the effective tax rate. Earnings per share has fallen to 72.0 pence, from 76.5 pence in 2011.
Revenue from continuing operations for the year was 2.05 billion pounds, down 8% from the prior year’s 2.23 billion pounds. In addition, the board is proposing a final dividend of 15.0 pence, giving a total dividend for the year of 27.0 pence.
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by RTT Staff Writer
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