SDL's full year loss widens

SDL reported a wider full year pre-tax loss for 2015 as it booked an impairment charge related to the group’s restructuring.

In the year to the end of December, the company, which specialises in content management and language translation software and services, said the pre-tax loss widened to £25.2m from £9.4m in 2014.

SDL booked an impairment of £33.3m and £5.8 in one-off costs related to the company's restructuring.

Revenue rose to £266.9m from £260.4m and the group proposed a dividend of 3.1p per share, up from 2.5p the previous year.

Executive chairman David Clayton said: "This is a solid achievement against a background of change within our business.

“Following a thorough operational review of the group's activities, the board has concluded that SDL should refocus around a language centric strategy, helping brands to manage, translate and deliver localised content on a global scale. As a consequence, we are now seeking to sell certain non-core elements of our business."

The company said it was now looking to sell its Fredhopper, Social Intelligence and Campaign & Analytics businesses, which it deemed to be non-core.

At 1230 GMT, SDL shares were down 4.5% to 413p.