LONDON-- Aveva Group PLC (AVV.LN), a designer of software for building oil rigs and other industrial purposes swung to an interim pretax profit after last year incurring costs related to its aborted combination with French industrial group Schneider Electric SE (SU.FR), saying it has been resilient in tough conditions.

The company Tuesday reported a pretax profit of 5.5 million pounds ($6.8 million) for the six months ended September 30, against a GBP773,000 loss the previous year, on revenue up to GBP84.3 million from GBP82 million.

Aveva said adjusted pretax profit was broadly flat at GBP9.1 million and raised the interim dividend to 13 pence from 6 pence as part of decision to re-weight the dividend to the first half.

The full year outlook remains in line with expectations, the company said.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

November 08, 2016 02:45 ET (07:45 GMT)

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