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Xp Power Share News (XPP)
Share News for Xp Power (XPP)
| Share Price: 1,268.00 | Bid: 1,235.00 | Ask: 1,268.00 | Change: 0.00 (0.00%) |  | ||||||
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XP Power FY pretax pre-ex profit 9.3 mln vs 7.7 mln
Wed, 21st Feb 2007 07:30
LONDON (AFX) - Power supply solutions provider XP Power PLC saw its pretax profit before excep
The group's revenues for the year increased by 13.2 pct to 78.7 mln stg compared to 69.5 mln stg last time. The company's earnings per share also rose -- to 32.2 pence from 30.7 pence in 2005.
XP is set to pay its shareholders a total dividend of 18 pence per share, 2 pence up on last year's dividend.
The company also confirmed its plans to relocate the group's head quarters to Asia. The firm's board of directors have approved a corporate reorganisation to introduce a new Singapore-domiciled company to be known as XP Power Singapore.
'We are embarking on a plan that will make the group more Asia centric. A circular and prospectus containing proposals to move the group's headquarters to Singapore has been sent to shareholders today,' said the company's executive chairman, Larry Tracey in a statement.
'Gross margin improvements, due to a higher mix of our own IP product and the impact of manufacturing in China, will mean that we should be able to report improved gross margin again in 2007,' he added.
r.jones@thomson.com
rj/vlb
COPYRIGHT
Copyright AFX News Limited 2006. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
LONDON (AFX) - Power supply solutions provider XP Power PLC saw its pretax profit before excep
tional items for the year ending 31 Dec 2006 rise to 9.3 mln stg from 7.7 mln stg in the same period in 2005.
The group's revenues for the year increased by 13.2 pct to 78.7 mln stg compared to 69.5 mln stg last time. The company's earnings per share also rose -- to 32.2 pence from 30.7 pence in 2005.
XP is set to pay its shareholders a total dividend of 18 pence per share, 2 pence up on last year's dividend.
The company also confirmed its plans to relocate the group's head quarters to Asia. The firm's board of directors have approved a corporate reorganisation to introduce a new Singapore-domiciled company to be known as XP Power Singapore.
'We are embarking on a plan that will make the group more Asia centric. A circular and prospectus containing proposals to move the group's headquarters to Singapore has been sent to shareholders today,' said the company's executive chairman, Larry Tracey in a statement.
'Gross margin improvements, due to a higher mix of our own IP product and the impact of manufacturing in China, will mean that we should be able to report improved gross margin again in 2007,' he added.
r.jones@thomson.com
rj/vlb
COPYRIGHT
Copyright AFX News Limited 2006. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
XP Power profit falls on lower revenue from North America, Europe
Feb 25 (Reuters) - Electrical component maker XP Power Ltd reported a 17 percent fall in adjusted pretax profit, hurt mainly by a decline in revenue[25 Feb '13]
RESEARCH ALERT-XP Power: Investec raises target price
Jan 10 (Reuters) - XP Power Ltd: * Investec raises target price to 1300p From 1150p; rating buy For a summary of rating actions and p[10 Jan '13]
RESEARCH ALERT-Peel Hunt cuts XP Power price target
Oct 9 (Reuters) - XP Power Ltd: * Peel Hunt cuts XP Power Ltd price target to 950p from 1,100p; rating hold For a summary[9 Oct '12]
RESEARCH ALERT-Investec cuts XP Power Ltd price target
Oct 9 (Reuters) - XP Power Ltd: * Investec cuts XP Power Ltd price target to 1150p from 1250p; rating buy For a summary of rat[9 Oct '12]
RESEARCH ALERT-Westhouse raises XP Power to strong buy
July 30 (Reuters) - XP Power Ltd: * Westhouse raises XP Power to strong buy from buy For a summary of rating actions and price target chang[30 Jul '12]
BRIEF-RESEARCH ALERT-Investec cuts XP Power target price
July 9 (Reuters) - XP Power Ltd: * Investec cuts XP Power target price to 1250p from 1300p; rating buy For a summary of rating ac[9 Jul '12]
BRIEF-RESEARCH ALERT-Westhouse Securities raises XP Power price target
March 15 (Reuters) - XP Power Ltd: * Westhouse Securities raises XP Power Ltd price target to 1450P from 1300P; rating buy For[15 Mar '12]
BRIEF-RESEARCH ALERT-Peel Hunt raises XP Power Ltd target price
Feb 20 (Reuters) - XP Power Ltd: * Peel hunt raises XP Power Ltd target price to 1100P from 800P; rating hold For a summa[20 Feb '12]
