LONDON (AFX) - XP Power PLC said it is 'cautiously optimistic about the fu
ture', 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'.
COPYRIGHT Copyright AFX News Limited 2005. 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
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.