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QinetiQ Group Fiscal Year Pretax Profit Rises - Quick Facts

QinetiQ Group plc (QQ.L) reported pretax profit of 105.4 million pounds for the year ended 31 March 2015 compared to 84.0 million pounds, previous year. Profit for the year from continuing operations was was 117.4 million pounds or 18.5 pence per share compared to 68.0 million pounds or 10.4 pence per share.

Underlying profit before tax increased 7% to 107.8 million pounds from 101.2 million pounds, a year ago. Underlying basic earnings per share was 15.2 pence compared to 13.8 pence.

Revenue was 763.8 million pounds compared to 782.6 million pounds, last year. Orders grew 3% to 613.6 million pounds.

The Board of QinetiQ Group proposed a final dividend of 3.6 pence making the full year dividend 5.4 pence. The Group said its full year dividend represents an increase of 17% reflecting the progressive dividend policy and the upgrade at the half year.

The Board of QinetiQ maintained its expectations for Group performance in the current financial year.

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