Cobham Posts 23.8% Rise In Profit

Cobham PLC CBHMY posted a 23.8% surge in its profit during the year ended Dec. 31. Cobham's pretax profit for the period rose to GBP234 million, from GBP189 million, in the year-ago period. Its total revenue fell to GBP1,854 million from GBP1,903 million. Cobham's adjusted pretax profit climbed to GBP328 million from GBP306 million. However, its adjusted earnings per share rose to EPS 22.0 pence from 19.7 pence. Cobham's board recommended a full-year dividend of 8.0 pence per share, up from 6.0 pence per share.