LONDON (AFX) - XP Power PLC said it is 'cautiously optimistic about the future', after pretax
earnings for the first half to June 30 came in at 3.5 mln stg, from 3.7 mln a year before.
Before amortisation of intangibles and restructuring costs -- neither of which appeared in 2005 -- the pretax profit figure was 4.3 mln stg, it noted.
Turnover grew to 38.8 mln stg from 32.2 a year earlier, boosted by 'strong performances' in Singapore and the US. The latter is currently XP's biggest market, it said.
The company said it is going into the second half with 'healthy backlog' after taking 'robust bookings' in the first half, when trading was 'reasonable positive'.
The company is proposing an interim dividend of 8.0 pence, from 7.0 pence a year before, 'underlining (its) confidence in future prospects'.
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