Bunzl Full-Year Profit Surges 39%

Bunzl PLC BZLFY posted a 39% gain in its full-year profit. Bunzl's pretax profit surged to GBP269.3 million during the year-ended December 31, 2012, up from GBP193.7 million, in the year-ago period. Its adjusted pretax profit rose to GBP323.9 million from GBP306.1 million. Bunzl's revenue climbed to GBP5.36 billion from GBP5.12 billion, while operating profit surged to GBP293.8 million from GBP279.3 million. Its adjusted earnings per share rose to 71.8 pence from 68.5 pence, while basic earnings per share climbed to 59.9 pence from 38.2 pence. Bunzl shares closed at $93.46 on Friday.