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ITE Group FY15 Profit Declines On Weak Revenues; Maintains Dividend

ITE Group Plc (ITE.L), an exhibition organiser, Tuesday reported that its fiscal 2015 profit before tax declined to 31.5 million pounds from 41.5 million pounds last year.

Earnings per share were 10.4 pence, lower than 13.8 pence last year.

Headline pre-tax profit was 47.2 million pounds, compared to 60.3 million pounds a year ago. Headline Earnings per share were 15.3 pence, compared to 20.2 pence in the prior year.

Revenue for the year also fell to 135.8 million pounds from 174.8 million pounds last year.

The company said its results were in line with Board's expectations despite difficult market conditions.

Further, the company maintained its full year dividend at 7.4 pence, reflecting confidence in future.

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