Rentokil Initial Plc. (RTO.L,RTOKY.PK) reported that preliminary profit attributable to equity holders of the company for the year ended 31 December 2014 surged to 261.8 million pounds from 37.5 million pounds in the prior year. Earnings per share grew to14.39 pence from 2.06 pence in the prior year.
Profit before income tax grew to 163.2 million pounds from 112.2 million pounds in the prior year.
At constant 2013 exchange rates, adjusted operating profit increased by 5.5% in 2014, reflecting growth in North America, Asia, Pacific, Germany and Latin America, supported by lower central and divisional overheads, but partly offset by lower profits in Benelux. Excluding divested businesses, ongoing adjusted operating profit increased by 6.5% in the year.
At actual exchange rates, Adjusted profit before tax was negatively impacted by 16 million pounds in 2014 due to the continued strength of Sterling.
Adjusted earnings per share grew to 8.04 pence from 7.33 pence in the prior year.
Revenue for the year declined to 1.741 billion pounds from 1.791 billion pounds in the prior year.
The Board recommended a final dividend in respect of 2014 of 1.82 pence per share, payable to shareholders on the register at the close of business on 17 April 2015 to be paid on 20 May 2015. This equates to a full year dividend of 2.59 pence per share, an increase of 12.1% compared to 2013.
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