Charles Stanley Group plc reported unaudited group revenue results for the year ended March 31, 2015. For the year, unaudited group revenues increased by 0.4%.

The Board anticipates that underlying profits for the year ended March 31, 2015, excluding the impact of the FSCS levy, one-off restructuring costs and non-cash impairment charges, will be in line with current market expectation. Exceptional restructuring charges were incurred during the year and a profit on disposal of the Matterley Undervalued Asset Fund was realised. The overall impact of these items is expected to be a profit of approximately £0.8 million and the board currently anticipates that in addition to an amortization charge of approximately £1.8 million.

The board anticipated an impairment charge of approximately £6.2 million may be made for the year ended March 31, 2015. Such a charge, which would be in addition to the £1.8 million impairment of intangible assets and unlisted available-for-sale financial assets made in the first half, will have no cash impact nor will it impact the Group's regulatory capital.

The Board intends to recommend a final dividend in respect of the year ending March 31, 2015 of 2.0 pence. Taken together with the interim dividend of 3.0 pence, this will represent a total dividend for the year of 5.0 pence compared to 12.25 pence paid a year ago.

The Board has rebased the total dividend paid to 5 pence per ordinary share, as it seeks to strengthen the group's capital base. Over the medium term the intention is to move towards a target dividend cover of two times earnings per ordinary share, as adjusted for the amortization of intangible assets, and thereafter the intention is to grow the dividend progressively.