(Reuters) - Anite Plc, which tests handset and telecom networks, said adjusted full-year pretax profit fell about 50 percent, hurt by weakened revenue at its core handset-testing business.
Anite, whose clients include Samsung Electronics Co Ltd and Vodafone Group Plc, said adjusted pretax profit fell to 14.9 million pounds ($25.3 million) for the year ended April 30, from 29.5 million pounds a year earlier.
Adjusted revenue fell 3.4 percent to 109.2 million pounds.
Revenue from Anite's handset testing business fell 11 percent to 77.3 million pounds, with a 9 percent fall in orders.
Firt-half revenue in the division organically fell 33 percent, hurt by corporate activity such as Microsoft buying Nokia, Broadcom buying assets from Renesas and challenges experienced by Blackberry, the company said.
Anite's network testing business saw a 22 percent jump in revenue to 31.9 million.
The multi-billion-dollar rollout of long-term evolution (LTE) 4G networks in China has helped boost revenues for telecoms testing companies, such as Spirent Communications Plc.
Anite's adjusted results are for continuing operations, excluding its travel reservation software business, which it sold to the private-equity arm of Lloyds Banking Group Plc for 45 million pounds in May.
($1 = 0.5877 British Pounds)
(Reporting by Noor Zainab Hussain in Bangalore; Editing by Gopakumar Warrier)