Serial System posts 22% fall in full-year net profit to $770m

Serial System has reported a 22% decrease fall in earnings for the fiscal year ended Dec 31, 2011, to $770.34 million from a year ago.

Turnover increased 3% to $770.34 million from $746.23 million a year ago.

A final cash dividend of 0.33 cents per share has been recommended. Earlier in the year, Serial declared an interim dividend of 0.30 cents per share and a special one-off interim dividend of 0.16 cent per share.

A year ago, the group paid out 0.28 cents per share in interim dividend and 0.67 cents per share in final dividend.