TETRA radio maker hit by pressure on public sector budgets
the company said it has increased its market share and raised its dividend 7%
U.K. digital radio maker Sepura PLC Wednesday posted a sharply lower
pretax profit for fiscal 2011, as pressure on public sector budgets
delayed orders in certain markets.
Sepura is a specialist in
Terrestrial Trunked Radio, or TETRA, a digital radio specification used
in over 100 countries, predominantly by police and other emergency
services.
Despite a decline in profit and revenue, the company
said it has increased its market share and raised its dividend 7% to
1.36 pence. The firm said it expects calendar 2012 to bring a return to
volume growth driven by the recent opening of the U.S. market to the
TETRA standard, and continuing strong demand in emerging markets.
For
the year ended April 1, the firm made a pretax profit of GBP2.50
million, compared with GBP9.38 million a year earlier. Revenue declined 11% to GBP70.5 million.
Sepura said sales volume in Germany, the
largest single market for TETRA, was lower than expected, as public
sector customers waited for the outcome of regional elections in March
to provide clarity on budgets before committing funds.
Source: www.totaltele.com
