Senior plc plans to make acquisitions. The firm said, The Group initially aims to utilize its available funding capacity to invest in organic growth and operational improvement opportunities, aligning its improvement initiatives with the key value drivers within the business. Once net debt has been reduced to an appropriate level, the Group also plans to target a small number of acquisitions to accelerate growth and enhance the overall asset portfolio. The Group aims to be consistent in its approach to all stakeholders.

Senior plc reported earnings results for the year ended December 31, 2010. The company reported revenue was 540.1 million against 562.4 million for the same period last year. Operating profit was 61.0 million against 59.8 million for the same period last year. Profit before tax was 49.6 million against 51.3 million for the same period last year. Profit for the period was 39.0 million against 39.2 million for the same period last year. Profit attributable to Equity holders of the parent was 39.0 million or 9.58 pence per diluted share against 39.2 million or 9.78 pence per diluted share for the same period last year. Total comprehensive income was 17.6 million against 34.4 million for the same period last year. Net cash from operating activities was 69.8 million against 74.6 million for the same period last year. Purchases of property, plant and equipment were 12.3 million against 23.8 million for the same period last year. Adjusted operating profit was 59.4 million against 64.5 million for the same period last year. Net debt was 102.3 million against 174.5 million for the same period last year. Adjusted profit before tax, the measure which the Board believes most accurately reflects the true underlying performance of the business, decreased by 14% to 48.0 million (2008 - 56.0 million). Adjusted profit before tax of 0.1 million against nil in 2008, the charge for amortisation of intangible assets arising on acquisitions of 4.6 million against 4.7 million in 2008 and the exceptional pension gain of 6.3 million against nil in 2008. Adjusted earnings per share decreased by 16% to 8.91 pence against 10.63 pence in 2008. Return on capital employed was 18.6% against 21.7% for the same period last year. The Board is recommending an unchanged final dividend of 1.70 pence per share against 1.70 pence per share in 2008, bringing the total dividend for the year to 2.60 pence per share against 2.60 pence per share in 2008. The final dividend, if approved, will be paid on 28 May 2010 to shareholders on the register at close of business on 30 April 2010.

Senior plc dropped from FTSE 250 (Ex Investment Companies) Index (GBP)