Fairpoint Group plc announced final consolidated earnings results for the year ended December 31, 2012. For the period, the company reported profit before finance costs was GBP 10,860,000 against loss before finance costs of GBP 784,000 a year ago. Profit before tax was GBP 10,480,000 against loss before tax of GBP 1,043,000 a year ago. Profit from continuing operations was GBP 7.969,000 against loss from continuing operations of GBP 958,000 a year ago. Diluted earnings from continuing operations were 18.43 pence against diluted loss from continuing operations of 2.20 pence a year ago. Net profit was GBP 7,969,000 or 18.43 pence per diluted share compared to net loss of GBP 958,000 or 2.20 pence per diluted share for the same period a year ago. Net cash generated from operating activities was GBP 12,550,000 against GBP 4,584,000 a year ago. Purchase of property, plant and equipment was GBP 435,000 against GBP 134,000 a year ago. Revenue was GBP 34,364,000 compared to GBP 25,890,000 for the same period a year ago. Adjusted profit was GBP 5,758,000 or 13.32 pence diluted per share compared to GBP 7,969,000 or 6.79 pence diluted per share for the same period a year ago. The board has recommended an increase in the final dividend of 29% to 3.55 pence per share. The final dividend will be paid on June 20, 2013 to shareholders on the register on May 24, 2013, with an ex-dividend date of May 22, 2013. The company also provided earnings guidance for the full year of 2013. For the period, the board expects to make continued progress in 2013 and beyond, from a strengthened financial position, through further development of the claims management services offering, tight cost control and back book acquisition activity. The Board's expectations for the current year, therefore, remain unchanged.

Fairpoint Group plc, 2012 Earnings Call, Mar 14, 2013

Fairpoint Group plc provided earnings guidance for the year ended December 31, 2012. For the period, the company expected adjusted profit before tax is to be in line with market expectations and substantially ahead of 2011. The group's claims management services contributed strongly to revenues and profits.