LONDON (Thomson Financial) - EAG Ltd reported a maiden adjusted first-half
pretax profit of 11.9 mln usd and said it expects further progress toward its
goals in the second half as current trading remains encouraging.
The company, which floated on the AIM in June, said its first-half revenues
increased to 33.4 mln usd from 13.7 mln usd, driven by 16.6 pct organic growth
combined with 17.4 mln usd from acquisitions.
The materials science company, however, had a pretax loss of 101.7 mln usd,
compared with a profit of 742,000 a year earlier, as it incurred one-time
charges of 103.3 mln usd related to its pre-IPO capital structure.
EAG declared a maiden interim dividend of 0.03 usd a share.
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