Spirent Fiscal Year Net Profit Up; Proposes GBP8.2 Million Cost Cuts In 2009
24 Febbraio 2009 - 8:58AM
Dow Jones News
Spirent Communications PLC (SPT.LN) Tuesday reported a steep
rise in full-year net profit and said it plans to cut costs by
GBP8.2 million in 2009.
"The company benefited from favorable exchange rates and a
reduced number of issued shares," Chairman Edward Bramson said.
Net profit for the year to Dec. 31 more than tripled to GBP74.8
million from GBP17.6 million last year. The rise was largely as a
result of an exceptional tax credit of GBP25.6 million in relation
to an overseas tax position.
Revenue rose 8.8% to GBP257.9 million compared with GBP237
million last year. This beat a company consensus of six analysts
which forecast revenue at GBP251 million.
The company, which tests the performance of broadband, telephony
and mobile networks for companies including Motorola Inc. (MOT),
Verizon Wireless and Cisco System Inc (CSCO), said it proposes a
final dividend of 0.6 pence per share which will result in a total
dividend for the year of 1.1 pence per share.
Spirent shares closed Monday at 37 pence.
Company Web site: www.spirentcom.com
-By Erica Herrero-Martinez, Dow Jones Newswires; 44 20 7842
9353; erica.herrero-martinez@dowjones.com