UK's GKN posts 2005 trading profit up 7 pct

Newswire

LONDON, Feb 28 (Reuters) - British engineering firm GKN Plc posted a 7 percent rise in 2005 trading profit on Tuesday. Earnings before restructuring and impairment charges rose to 228 million pounds ($397 million) from 214 million, the company said in a statement to the stock exchange. Sales of 3.65 billion pounds were up almost 5 percent. GKN announced a dividend of 12.2 pence for the full year versus 11.9p in 2004. ($1=.5749 Pound)

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