RWS posts rise in sales, profits

14th Dec 2009 08:28

Intellectual property group RWS Holdings reported a rise in full-year sales and profits and said it expects that the group will deliver enhanced progress in 2010.Sales increased by 2.2% to £55.3m in the year ended 30 September, while pre-tax profit rose by 3.8% to £14.5m. The total dividend increased by 12% to 11.65p.Trading in the first two months of the new financial year has been in line with expectations, the group said.'Current trading is in line with the board's expectations. We face the future in a strong financial position with opportunities for acquisitions and consolidating our market leadership in our core business,' said executive chairman Andrew Brode. 'We therefore expect that the group will deliver enhanced progress in 2010,' he added.