ARM Holdings Q2 IFRS Profit Plunges - Quick Facts

(RTTNews) - Chipmaker ARM Holdings Plc's (ARMH, ARM.L) IFRS pre-tax profit in the second quarter of 2013 plummeted to 15.0 million pounds, from last year's 54.8 million pounds. However, after adjusting for acquisition-related and share-based payment costs, IP indemnity and similar charges, Linaro-related charges and share of results in joint ventureand disposal and impairment of investments, normalised pre-tax profit went up 37% year-on-year to 86.6 million pounds, from 66.5 million pounds.

Profit for the period fell to 10.5 million pounds, from 39.4 million pounds, according to IFRS basis.

Quarterly earnings per share were 0.75 pence, or 3.41 cents per ADS, down significantly from the prior year's 2.83 pence, or 13.32 cents per ADS on an IFRS basis; while it advanced by 37% to 4.89 pence, from 3.58 pence a year before.

Three-month revenues totaled 264.3 million pounds, versus 213.0 million pounds in the previous year, an increase of 24%.

In addition, for 2013, the board declared an interim dividend of 2.1 pence per share, up 26% over the 2012 interim dividend of 1.67 pence per share. This interim dividend would be paid, out of the UK GAAP distributable reserves of ARM Holdings plc, on October 4, 2013 to shareholders on the register on September 6, 2013.