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Eaga FY10 Profit Rises - Quick Facts

(RTTNews) - Heating and renewable energy solutions provider Eaga plc (EAGA.L) Thursday reported an increase in profit for the year ended May 31, primarily reflecting a 3.1% revenue growth. Further, the board declared a 10% increase in final dividend.

For the fiscal year, the company recorded a pre-tax profit of GBP 41.47 million, up from GBP 37.73 million in they previous year.

Profit for the year attributable to equity holders of the company increased to GBP 29.35 million or 11.64 pence per share from GBP 26.70 million or 10.63 pence per share in the prior year.

Adjusted profit was GBP 36.23 million versus GBP 33.61 million a year earlier. Diluted adjusted earnings per share increased by 7.4% to 14.37 pence from 13.38 pence. Revenues for the twelve months grew to GBP 762.18 million from GBP 738.90 million last year.

Further, the board recommended a final dividend of 2.64 pence per share which will be paid on November 12 to shareholders on the Register at October 15.