Record FY Pretax Profit GBP16.67M Vs GBP26.80M

15th Jun 2010 08:03

LONDON (Dow Jones)--Record PLC (REC.LN), a specialist currency manager, said Tuesday it made pretax profit of GBP16.67 million for the year ended March 31, compared with GBP26.80 MAIN FACTS: -Revenue GBP33.42 million versus GBP46.80 million -Assets under Management Equivalents or AuME $34.0 billion at March 31, up 8% on the prior year -AuME GBP22.4 billion at March 31, up 2% on the prior year -Management fee income of GBP33.2 million, down 27% -Diluted earnings per share 5.38 pence versus 8.72 pence -No debt and a cash balance of GBP21.9 million -Operating profit margin to March 31, of 49% compared to 55% for the year ended March 31, 2009 -Basic EPS of 5.39 pence versus 8.73 pence per share -Proposed final dividend for the year to March 31, is 0.59 pence per share giving a total dividend for the year unchanged at 4.59 pence per share -Client numbers fell by 28 to 93 by year end March 31 -Alpha composite return of -0.73% for year ended March 31, versus -3.49% Shares closed Monday at 50.0 pence. -By Razak Musah Baba, Dow Jones Newswires; +44-20-7842-9275; [email protected] (END) Dow Jones Newswires June 15, 2010 03:03 ET (07:03 GMT)