Raven Russia Limited (RUS.L) reported 2012 pretax profit of $62.84 million, compared to $128.92 million last year. Underlying pretax profit increased to $34.7 million or from $8.1 million last year. Underlying profit per share was 5.06 cents compared to 0.16 cents prior year. Gross revenue increased to $234.21 million from $162.77 million prior year.
Profit for the year was $29.41 million or 4.92 cents per share, compared to $88.36 million or 15.11 cents per share prior year. In the prior year quarter, the company recognized an unrealised profit on revaluation of investment property of $133.06 million.
The company said its final distribution of 2.25 pence per share is a 29% increase over last year and means a 25% increase in total distribution for the year to 3.75 pence per share.
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by RTT Staff Writer
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