Ultra Electronics Holdings Plc. (ULE.L) Monday said its first-half profit before tax fell to 14.75 million pounds from 45.85 million pounds in the prior year.
Underlying profit before tax was 47.4 million pounds, while it totaled 50.5 million pounds.
Earnings per share were 11.9 pence, compared to 53.2 pence last year.
Revenue slid to 331.7 million pounds from 341.0 million pounds in the prior year.
The company announced a 4.5 percent increase in interim dividend to 13.8 pence.
Rakesh Sharma, Chief Executive, said, "The Group's first half performance is in line with our expectations and reflects a generally lower level of activity across most parts of our government related business and the expected pause in normal business given the UK and US election cycles."
The company said that as previously indicated, performance would be more heavily weighted to second half.
For comments and feedback contact: editorial@rttnews.com
Business News