Edenred Reports Strong Rise In FY Net Profit

Edenred EDNMF reported a 185% surge in its full-year net profit. Edenred's net profit for the period climbed to EUR194 million in 2011, versus EUR68 million, in the year-ago period. Its EBIT gained 8.5% to EUR355 million from EUR328 million. Edenred announced its plans to pay a dividend of EUR0.70 per share.