News & Analysis » UK

Hargreaves Lansdown Full Year Profit Rises - Quick Facts

(RTTNews) - Investment broker and advise firm Hargreaves Lansdown plc. (HL.L) announced its preliminary results for the year ended 30 June 2010, reporting that Profit after tax attributable to equity shareholders of the parent Company increased to GBP 61.27 million, from GBP 52.12 million last year. Earnings per share were 13.1 pence, up from 11.1 pence last year. The company said that revenue, profits and earnings per share have achieved record levels and although these measures have been helped by a rise in stock markets across the year, the more significant contribution has been from record organic growth.

Profit before tax increased to GBP 86.30 million, from GBP 73.08 million in the prior year.

Adjusted earnings per share rose to 13.9 pence, from 11.3 pence in the prior year. Adjusted profit before tax increased to GBP 90.7 million, from GBP 74.5 million in last year.

Revenue rose to GBP 159.0 million, from GBP 132.8 million in the prior year.

The company said that directors are now recommending a final ordinary dividend of 0.58 pence per ordinary share and a special dividend of 1.70 pence per ordinary share, payable on 29 September 2010 to all shareholders on the register at the close of business on 10 September 2010. When added to the ordinary interim dividend of 8.0 pence per share and the special interim dividend per share of 1.6 pence per share, this brings the total dividends in respect of the year to 11.88 pence per ordinary share, compared to 10.101 pence paid last year.