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Annual Results

e2v technologies adjusted pre-tax profits up

18 May 2015 08:19

e2v technologies posts adjusted pre-tax profits of £39.0m for the year to the end of March - up from £33.6m last time.

Revenues increased to £224.9m from £217.7m and adjusted operating profits rose to £40.1m from £34.7m.

Adjusted earnings per share increased to 13.68p from 11.73p and the dividned of 5.1p per share is up from 4.4p.

Chairman Neil Johnson and group chief executive Steve Blair said: "A number of factors contributed to our good performance in the past year: we increased our resources in the US and Asia; the change in culture is improving how we do business; and our self-funded research and development spend increased to £14.8m representing 6.6% of revenue, up from 5.9% last year."

At 8:19am: (LON:E2V) e2v technologies PLC share price was -7.37p at 233.63p

Story provided by StockMarketWire.com

Related Company: E2V

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