AssetCo FY Pretax Profit GBP12.1M Vs GBP1.3M

LONDON (Dow Jones)--AssetCo PLC (ASTO.LN), an international fire and rescue services group, Friday reported full year profit before tax from continuing operations of GBP12.1 million, compared with GBP1.3 million the previous year. MAIN FACTS: -Revenue for the year ended March 31 GBP45.2 million (2009: GBP34.1 million) -EPS 2.7 pence (2009: 2.3 pence) -Recourse debt reduced by GBP16.8 million to GBP18.9 million (2009: GBP35.7 million) -Dividend increased to 1.5 pence per share (2009: 1.25 pence) -Intention to pay a further dividend of not less than 1 pence on the disposal of assets held for sale. -100% of forecast revenue for 2011 is contractually committed -Trading at the start of the new financial year is in line with the board's expectations. -Net debt GBP68.5 million (2009: GBP76 million) -Shares closed Thursday at 50 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com (END) Dow Jones Newswires June 25, 2010 02:38 ET (06:38 GMT)