Abcam Plc reported unaudited consolidated earnings results for the six months ended December 31, 2012. For the period, the company reported revenue from continuing operations of £57,330,000 against £44,679,000 a year ago. Operating profit was £19,924,000 against £16,911,000 a year ago. Profit before tax was £19,918,000 against £17,183,000 a year ago. Profit for the year attributable to shareholders was £15,160,000 or 7.57 pence per diluted against £12,901,000 or 6.97 pence per diluted share a year ago. Adjusted operating profit was £21,755,000 against £17,292,000 a year ago. Adjusted profit before tax was £21,749,000 against £17,564,000 a year ago. Adjusted profit after tax was £16,434,000 against £13,208,000 a year ago. Adjusted diluted EPS was 8.21 pence against 7.13 pence a year ago. Net cash inflow from operating activities was £18,278,000 against £13,706,000 a year ago. Purchase of property, plant and equipment was £2,020,000 against £746,000 a year ago. Purchase of intangible assets was £1,235,000 against £55,000 a year ago. The company announced a 14.8% increase in the interim dividend to 1.94 pence per share against 1.69 pence per share a year ago, which is in line with the increase in the adjusted diluted EPS. It is company's policy to distribute as dividend 40% of the full year's post-tax profit. The dividend is payable on 19 April 2013 to shareholders whose names are on the register at close of business on March 22, 2013. The company provided tax rate guidance for the year 2013. The average annual effective tax rate is expected to be 24.4% for the adjusted profit against 24.8% in 2011/12 and 23.9% for the reported IFRS profit against 24.9% in 2011/12.

Abcam Plc announced that they will report first half, 2013 results on Mar 05, 2013

Abcam Plc, H1 2013 Earnings Call, Mar 05, 2013