Innovation Group FY12 Profit Rises

The Innovation Group Plc (TIG.L) Wednesday reported a full-year pre-tax profit of 11.8 million pounds, up 15 percent from 10.2 million pounds in the same period last year.

Profit attributable to the equity shareholders was 8.9 million pounds or 0.69 per share, compared to 5.7 million pounds or 0.55 pence per share last year.

Adjusted profit for the year was 18.4 million pounds or 1.30 pence per share.

Revenues increased 10 percent to 193.7 million pounds from 175.9 million pounds last year.

On a constant currency basis, revenues totaled 193.7 million pounds, up 15 percent from 168.1 million pounds last year.

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by RTT Staff Writer

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