Cohort FY10 Pretax Profit Down 41%, Final Dividend Up 17%

28th Jun 2010 08:46

LONDON (Dow Jones)--Cohort PLC (CHRT.LN), an independent technology group, reported Monday a 41% decline in pretax profit for fiscal 2010, but increased its final dividend payment by 17%. MAIN FACTS: -Revenue for the year ended April 30 GBP78.1 million (2009: GBP76.7 million). -Pretax profit GBP2.7 million (2009: GBP4.6 million). -Diluted EPS 5.62 pence (2009: 9.21 pence). -Net funds GBP3.0 million (2009: GBP3.7 million). -Adjusted EPS 8.10 pence (2009: 12.83 pence). -Recommends final dividend of 1.4 pence per share (2009: 1.2 pence), making a total of 2.05 pence (2009: 1.75 pence). -Total orders of GBP143.6 million (2009: GBP65.7 million); Group order book at May 1 stood at GBP112.7 million (2009: GBP47.2 million), which provides a good platform for the future. -Proportion of Cohort's business being derived from outside the U.K. defense market is increasing and the Board's view is that the SDSR can provide opportunities for Cohort; Expects to be able to trade satisfactorily through the U.K. government review period and grow its business when the landscape becomes clear. -Confident that it will emerge strongly from the uncertainties of the coming months. -Shares at 0742 GMT up 1 pence or 1%, at 101.5 pence, valuing the company at GBP41.4 million. --By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires June 28, 2010 03:46 ET (07:46 GMT)