RWS, the leading patent and technical translations service provider, announced that final results to September 2011 showed sales of £65.4 million (2010: £60.6 million), pre-tax profit of £15.6 million (2010: £13.7 million), adjusted EPS of 27.2p (2010: 24.9p) and DPS of 15.4p (2010: 13.4p). The results include exceptional items of £nil (2010: £378,000 charge) and amortisation of intangibles of £570,000 (2010: £566,000).
The company reported that whilst the PatBase database subscription service contributes 7% of total sales, it generates 12% of group profit, with its margin increasing by 400bps. Trading in the first two months of 2011/12 has been in line with management's expectations.
The RWS share price has increased by 42% over the last year.
RWS Holdings Plc is currently graded A by LCF Research. To learn more, follow the link.
