Thefirmpostedadjustedpre-taxprofitsof£88。

5mfor2011,down1。

3%ontheyearbefore。

Analystshadpredictedaresultanywhereintherangeof£88mto£93m,withaconsensusfigureof£89。

9m。

However,theconsensusonrevenueswasrightonthemoneyat£973。

1m,aswerepredictionsofearningspershareof17。

4pandafullyeardividendof10。

4p。

Thefirmsaiditsbalancesheethadbeensignificantlystrengthened,withnetdebtreducedby£25。

8mto£237。

1mafterthesaleofwireandcablefirm,TPC,earlierintheyear。

Italsobenefittedfromtherefinancingofitsfiveyear£200mrevolvingcreditfacilityinNovemberandtheissuanceof$235mfive-to-10yearUSPrivatePlacementnotesinthesecondhalf。

Fourthquarterprofitsweredown11%onthepreviousyearto£20。

3m,butthecompanywasquicktopointouttheywereuponthethirdquarterandcomparedwitharecordthreemonthsattheendof2010。

ThisperformancecomparesfavourablytothelatestSemiconductorIndustryAssociationdataforthethreemonthstoJanuaryshowingaglobalyearonyearsalesdeclineof8。

8%andaquarter-on-quarterdeclineof10。

2%,thefirmsaidinastatement。

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