Arden Partners plc announced preliminary consolidated earnings results for the year ended October 31, 2012. Revenues during the year ended October 31, 2012 were £9.8 million compared to £12.4 million in 2011. Profit after taxation was £0.1 million or 0.6 pence basic and diluted earnings per share against profit after taxation of £0.5 million or 2.0 pence basic and diluted earnings per share for the comparable period last year. For the year to October 31, 2012, profit before tax was £0.2 million compared to a profit before tax of £0.6 million in 2011. Profit from operations was £0.2 million against £0.5 million for the same period last year. Underlying profit before tax in 2012 was £1.0 million before deducting share based payments and reorganization costs of £0.8 million. After adjusting for the effect of restructuring costs and share based payments, underlying basic earnings per share were 3.4 pence compared to 4.7 pence in 2011. Basic earnings per share were 0.6 pence versus 2.2 pence of 2011. Cash generation from operational activities was positive at £0.4 million versus 2011 Outflow of £2.6 million but the impact of the shares acquired into Treasury meant that overall cash balances reduced by £0.3 million. Purchases of property, plant and equipment were £0.046 million against £0.2 million of prior year period.

The company announced that Trevor Norris retires January 15, 2013. Trevor was one of the original founding partners in 2002.