LONDON (Thomson Financial) - Electronic Data Processing PLC posted a full-year pretax profit o
f 700,000 stg versus 446,000 stg last year as sales rose 5 pct.
The 2006 pre-tax profit figure excludes a 420,000 stg profit on the disposal of the company's East Grinstead property last year.
For the year ended Sept 30, the company's turnover rose 5 pct to 6.6 mln stg versus last year.
The company also recommended a final dividend of 2.0 pence per share, taking the total dividend for the year to 2.713 pence, an increase of 3.8 pct.
The company said the current year started well and although it has continued to face significant competition in its marketplace, it is well positioned to take advantage of new business opportunities.
'The market sector that the group addresses remains very competitive. However, we are seeing increased demand for our software products and hosting services which, in turn, will translate into increased professional services revenues,' chairman Michael Heller said in a statement.
COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.