Cobham Posts 12% Drop In Full-Year Pretax Profit, Raises Dividend

Cobham PLC CBHMY reported a 12% drop in its full-year pretax profit and lifted its dividend by 10%. Cobham's revenue for the year fell to GBP1.75 billion, from GBP1.85 billion, in the year-ago period. Its profit before tax declined to GBP206 million from GBP234 million. Its underlying pretax profit dropped 8% to GBP302 million from GBP328 million, while underlying EPS rose 3% to 22.6 pence from 22.0 pence.