Tullett Prebon 2011 Net Income Drops 18%

Tullett Prebon PLC TULLF reported an 18% drop in its 2011 net income. Tullett Prebon's 2011 profit fell to £89.4 million, or 41.3 pence per share, from £108.5 million, or 50.5 pence per share, in 2010. Its underlying profit per share came in at 46.1 pence, versus 50.1 pence. Tullett Prebon's revenue rose to £910.2 million from £908.5 million. Tullett Prebon's board declared a final dividend of 11.25 pence per share.