www.norconplc.com
Providing project management and outsourcing services for operators of telecommunications networks including fixed line and mobile telephone systems and data networks, assisting them with the installation, operation or optimisation of telecommunications systems and to countries seeking advice on regulatory matters, defence systems, equipment and command and control facilities.
Norcon to pay final dividend of 2.36 cents per share
Communications specialist Norcon (LON:NCON) announced today that it would pay a final dividend of US$ 1.15 million - or dividend per share of 2.36 cents.
It comes after the firm last month released its full year-results for 2010 - a year which the AIM-listed firm said had been "challenging".
Pre-tax profit for the year to 31 December fell to US$6.7mln from US$10.7 million, though this was in line with revised management guidance. Revenues for 2010 were US$68.6mln (2009:US$78.2mln).
Norcon said today that the dividend is expected to be paid to all shareholders on the register as at 24 June 2011, subject to shareholder approval at the AGM next month.
Payment of this final dividend is expected to be in the autumn this year, added Norcon.
Last month the firm put the reductions in results down to contracts with new clients being slower to emerge, mainly due to M&A activities amongst telecom operators, delays to projects, and the unusual end of service costs and aborted acquisition activities.
Cash at year-end stood at US$12.1mln.
The firm's chairman Trond Tostrup had said: "We have worked diligently to conclude a profitable outturn to the year.
"Our core client relationships have been maintained and in some cases strengthened and we also continue to make progress in expanding our presence in core target markets such as the Middle East, Africa and South East Asia.
"At the same time, we remain optimistic about the long term prospects in our target markets around the world given the fundamental demand drivers in those markets."
