Drax Group plc (DRX.L), an electrical power generation company, posted a decline in its pre-tax profit for the full year 2012, with a decrease in revenues.
For the year, the group’s profit before tax slid to 190.2 million pounds from 338.1 million pounds a year ago.
Profit for the year attributable to equity shareholders fell to 163.8 million pounds from 464.6 million pounds last year.
On a per share basis, statutory earnings fell to 44 pence from 126 pence, while underlying earnings declined to 51 pence from 55 pence last year.
Revenues for the year decreased to 1.779 billion pounds from 1.835 billion pounds a year ago.
In addition, the group said its Board proposed a final dividend in respect of 2012 of 10.9 pence per share.
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by RTT Staff Writer
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