RWS Holdings (LON:RWS) - just keeps on delivering!
The leading provider of intellectual property support services (patent translations and technical searches) and technical translations, announced encouraging preliminary results for the year ended 30th September 2010 broadly in line with forecasts with the dividend payout increased again.
Sales increased by 9.6% to £60.6m, profit before tax rose by 0.7% to £14.6m and diluted adjusted earnings per share were marginally up at 24.9p(2009: 24.6p). The final dividend of 10.25p was up over 15% as was the total dividend which increased to 13.4p (2009: 11.65p), continuing an unbroken series of double digit dividend increases since flotation. This equates to a yield of 4.6% at the current share price. Adverse movement in exchange rates had a negative impact of £0.3m at constant currency. Excluding intangibles amortisation and the £0.4m one-off costs of relocating the group’s operations, normalised operating profit rose…