Aveva Posts Decline In Profit, Lifts Dividend

reported a 19 percent decline in its net profit for the year ended March 31, 2015. Profit attributable to equity holders of the parent slipped to 41.56 million pounds, versus 51.01 million pounds, in the year-ago period. EPS declined to 64.92 pence from 77.99 pence. Its profit before tax dropped to 54.9 million pounds from 69.0 million pounds, while adjusted profit before tax declined to 62.1 million pounds from 78.3 million pounds. Adjusted EPS fell to 74.34 pence from 88.90 pence. Its revenue fell to 208.7 million pounds, from 237.3 million pounds in the year-ago period. The company's board declared a final dividend of 25 pence per share, a 14 percent rise versus the prior year. Aveva shares gained 5.59 percent to close at $31.15 yesterday.