Meggitt Posts 29% Surge In 2012 Pretax Profit, Lifts Dividend

Meggitt PLC MEGGY reported a 29% rise in its full-year pretax profit and lifted the dividend to 11.8 pence per share. Meggitt's 2012 revenue rose 10% to GBP1.61 billion from GBP1.46 billion, while pretax profit climbed to GBP292.1 million from GBP226.0 million. Its diluted EPS rose to 30.7 pence from 23.8 pence, while adjusted profit before tax jumped to GBP362.8 million from GBP323.0 million. Meggitt shares closed at $14.20 yesterday.