LONDON (Thomson Financial) - Camellia Plc. reported a 50 percent higher
full-year pretax profit due to a number of exceptional items, including a 4.80
million pounds profit on the sale of its stake in Getaz Romang SA and a 1.68
million pounds profit from the sale of a London property.
The investment holding company posted a pretax profit of 30.65 million
pounds for the year to Dec. 31, 2007, up from 19.98 million pounds in the
previous year, on a marginal rise in sales to 161.94 million pounds from 160.55
million.
Camellia said the profit consolidated in respect of its interest in
Siegfried Holding AG also includes exceptional items amounting to 3.68 million
pounds.
The company said its underlying trading profit was less than that of the
previous year, reflecting the weakness of the U.S. dollar and the costs of
integrating new businesses within Duncan Lawrie.
Camellia declared a final dividend of 72 pence per share, taking the total
dividend to 92 pence, up from 90 pence the year before.
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