rotala plc (ROL) Snapshot

Rotala PLC reported audited consolidated earnings results for the year ended November 30, 2012. For the year, the company reported profit from operations of £3,392,000, profit before taxation of £2,076,000 and profit attributable to the equity holders of the parent of £1,866,000 or 5.18 pence per diluted share on revenue of £54,813,000 compared to profit from operations of £3,514,000, profit before taxation of £1,878,000 and profit attributable to the equity holders of the parent of £2,157,000 or 5.99 pence per diluted share on revenue of £56,077,000 reported a year ago. Net cash flows from operating activities carried forward were £1,453,000 compared to £5,365,000 reported a year ago. Purchases of property, plant and equipment was £1,562,000 compared to £583,000 reported a year ago. At the forthcoming Annual General Meeting, the Board will recommend a final dividend in respect of 2012 of 0.90 pence per share (0.80 pence per share in 2011), making 1.40 pence per share for the year as a whole, a rise of 17%. The dividend will be paid, subject to shareholder approval at the Annual General Meeting, on June 28, 2013 to all shareholders on the register on May 31, 2013.

Rotala PLC is seeking acquisitions. John Gunn, Chairman of Rotala, said, "At the end of the year we entered into a revised suite of banking facilities with our principal bankers RBS/NatWest. The new facilities, totalling £11 million, increased our existing facilitiesThese enhanced facilities will support our aim of continuing to grow both organically and by acquisition."

Rotala PLC announced the following update on trading for the year ended 30 November 2012 and prospects for the current year ending 30 November 2013. Operating results for the year ended 30 November 2012 are expected to be broadly in line with management expectations, notwithstanding the 20% reduction in the Bus Services Operators' Grant early in the year and continuing pressure on local authority transport budgets as a result of Government austerity measures. The interest charge for the full year is expected to be marginally higher than market expectations.