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4 years ago
BRIEF-Cobham profit falls 8 pct, sees return to growth in 2014
March 7, 2013 / 8:21 AM / 4 years ago

BRIEF-Cobham profit falls 8 pct, sees return to growth in 2014

(Corrects brief to reflect three corrected alerts)

LONDON, March 7 (Reuters) - FY order intake falls 19% to £1,656M (not 2,046M) Underlying profit before tax falls 8% to £302M (not £328M) Group revenue falls 6% to £1,749M (not £1,854M) Recommended full year dividend increase of 10% to 8.8 pence per share US defence/security market remains highly uncertain In 2013, group operating margins are expected to be slightly lower than in 2012. Anticipate a return to modest organic growth from 2014, rising above mid single digit growth thereafter

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