Yell Group said on Tuesday that it's after tax profit for the full year to 31 March had risen 6.4 per cent to £294.2 million. Revenue for the company was also up 6.9 per cent to £2,218.7 million.
Yell said that its adjusted diluted earnings per share were up 5.6 per cent to 37.5 pence per share.
The company also announced that it would be cutting its final dividend by 50 per cent down to 5.7 pence per share.
John Condron, chief executive officer, said, Against a very difficult economic environment we have grown revenue in each of our markets. We have delivered EBITDA growth and strong cash generation in line with guidance. Our performance has been driven by the continued growth of our online businesses, which have increased both usage and revenue.
Looking ahead, we see no let up in the economic pressures during the current year. However, we will continue to invest in all our products, focusing in particular on the internet to reinforce the foundations for further growth. With this investment we believe we will emerge from the current economically challenging period in stronger shape.