Featured In: The Power Point
PowerPulse.net | Tuesday, February 21, 2012
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XP announced its interim results for the six-month period ended 30 June 2011. The company states that its strategy of developing and manufacturing its own range of products produced another year of record profits and earnings per share.
Bookings decreased by 5% to €98.3 million (2010: €103.4 million) and revenues increased by 13% to €103.6 million (2010: €91.8 million). Gross margins witnessed an increase of 49.1% (2010: 48.0%) driven by continued expansion of XP’s own design revenues which represented €59.2 million or 57% of total revenues (2010: €44.1 million or 48% of total revenues). The company announced robust earnings and strong cash flows provide basis for an increased total dividend of 45.0p per share for the year up 36% on the prior year.
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