- Andrews Sykes Group's normalised operating profits fell to £11.9m in the year to the end of December - down from £13.9m last time.

Revenues fell to £53.8m from £55.9m and the dividend is cut to 6.60p per share - down from 11.10p a year ago.

The group says its policy of reducing its reliance on its traditional core products and services together with the increase in non-seasonal business and investment in new technically advanced and environmentally friendly products will continue.

The group says it continues to face challenges in all of its geographical markets but the business remains strong, cash generative and well developed with positive net funds and the board is optimistic for further success in 2012.

At 8:26am: [LON:ASY] Andrews Sykes Group share price was -1p at 186p

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