Business
Amendment to Final Results
Amendment to Final Results.
About this update from Xp Power Ltd.
[{"type":"text","content":"\n XP Power PLC\n07 February 2006\n\n\n\nThe following replaces the Preliminary Results for the Year Ended 31 December \n2005 released today at 07.01am under RNS number 0115Y.\n\n\nIn the paragraph titled Dividend, the paragraph should read -\n\nDividend\n\nThe continued increase in profitability, together with strong free cash flow\n(see page 10), has enabled us to once again increase the dividend payable to\nshareholders. We will be proposing a final dividend of 9 pence per share at the\nAnnual General Meeting on 19 April 2006, making the total dividend for 2005 16\npence per share (2004: 14 pence per share), an increase of 14%. Provided the\nfinal dividend is approved by shareholders it will be paid on 17 May 2006 to\nshareholders on the register on 28 April 2006.\n\nAnd not as previously stated, below is the full ammended announcement.\n\n\n XP Power plc\n ('XP' or 'the Group')\n \n Preliminary Results for the Year Ended 31 December 2005\n \nXP Power, one of the world's leading providers of power supply solutions to the\nmid-tier of the electronics industry, today announces Preliminary Results for\nthe year ended 31 December 2005.\n\nFINANCIAL HIGHLIGHTS\n\n£ Millions Year ended 31 Year ended 31\n December 2005 December 2004\n\nIncome and expenditure\nRevenue 69.5 66.8\n\nGross margin 24.8 23.7\nGross margin % 35.7% 35.5%\n\nProfit before tax 7.7 6.4\n\nProfit before tax and amortisation of\n intangibles £0.1 million (2004: nil) 7.8 6.4\n\nCash flow\nNet cash flow from operating activities 7.3 4.1\nFree cash flow (see page 10) 5.3 3.5\n\nBasic earnings per share 30.7p 23.1p\n\nDiluted earnings per share 30.1p 22.6p\n\nDiluted earnings per share adjusted for the\n amortisation of intangibles 30.6p 22.6p\n\nProposed final dividend per share 9.0p 8.0p\n\nTotal dividend per share (see note 5) 16.0p 14.0p\n\nHIGHLIGHTS\n\n• Further growth in own branded products, accounting for 59% of revenue (2004: 55%)\n\n• Improved diluted earnings per share\n\n• Investment in a manufacturing joint venture in China\n\n• Opening of office in Shanghai providing logistical and technical support\n\n• Share buy back of 1,030,000 shares for an average price of £3.427 during the \n period\n\n• Strong free cash flow (see page 10)\n\n• Dividend to be increased by 14% to 16p per share (see note 5)\n\n\nLarry Tracey, Executive Chairman s...