XP Power Posts Lower Profit

XP Power XPPLF reported a 17% drop in its adjusted pretax profit in the year ended Dec. 31. XP Power's adjusted profit before tax for the year declined to 20.2 million pounds ($30.9 million), versus 24.3 million pounds, in the year-ago period. Its revenue dropped 9% to 93.9 million pounds. It also lifted its total dividend for the year to 50 pence a share, versus 45 pence a share, in the year-ago period.