LONDON (Alliance News) - e2v Technologies PLC on Monday said its annual pretax profit and revenue both grew, and the semiconductor and imaging technology company pushed its dividend payout higher as a result.
e2v said pretax profit for its financial year to the end of March was GBP37.8 million, compared to GBP30.1 million the year earlier. Revenue grew to GBP236.4 million from GBP224.9 million.
e2v said it managed to make solid progress in a challenging market, helped by some currency benefits and a boost from acquisitions it has made. Imaging revenue grew, helped by an improving operational performance, while margins grew in Semiconductors and Imaging in the year, contributing to the profit boost.
"Over the coming year our focus will continue to be on our customers, innovation and operating with excellence. We believe this will enable us to continue to deliver growth. Whilst we remain cautious about the broader economic environment, our outlook for the current financial year remains unchanged with a similar first half, second half weighting to that in the previous financial year," said Chief Executive Steve Blair.
The company will pay a final dividend of 3.8 pence per share, taking its total payout up to 5.4p, up from 5.1p a year earlier.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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