May 24, 2018 / 6:29 AM / 3 months ago

BRIEF-Qinetiq FY profit up, maintains expectations for 2019

May 24 (Reuters) - Qinetiq Group PLC:

* FINAL DIVIDEND 4.2 PENCEPER SHARE

* UNDERLYING OPERATING PROFIT UP 5%, ASSISTED BY £8.7M NON-RECURRING TRADING ITEMS (2017: £7.4M), BROADLY FLAT ON AN ORGANIC BASIS

* UNDERLYING EPS UP 7%; 5% INCREASE IN FULL YEAR DIVIDEND

* PRIORITIES FOR FY19 - CONCLUDE REPRICING OF LONG TERM PARTNERING AGREEMENT (LTPA) WITH UK MOD

* WITH MORE THAN TWO THIRDS OF OUR FY19 REVENUE UNDER CONTRACT, WE ENTER YEAR IN A POSITION OF STRENGTH AND ARE MAINTAINING EXPECTATIONS FOR GROUP PERFORMANCE”. Source text for Eikon: Further company coverage: (Reporting By UK Bureau)

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