UPDATE 1-Hampson profit falls; outlook cautious for year ahead

* Adjusted pretax profit 24.9 mln stg vs 37.6 mln stg

* Revenue down 31 pct at 178.3 mln stg

* To pay final dividend of 0.9p

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June 9 (Reuters) -British engineer Hampson Industries (HAMP.L) reported a 34 percent drop in full-year adjusted pretax profit on delays in aerospace programmes and forecast a cautious outlook for the fiscal year ahead.

Hampson said the overall rate of recovery during the first two months of the current year had been slower than anticipated.

Hampson, which incurred restructuring charges of 3.7 million pounds, said cost cutting actions were expected to lead the company to sustainable growth in the medium- to long-term.

The company, which operates across the aerospace and automotive sectors, would pay a final dividend of 0.9 pence, taking the total dividend to 1.7 pence, down 29 percent from the year ago.

For the year ended March 31, the company reported adjusted pretax profit of 24.9 million pounds, compared with 37.6 million pounds a year ago. Pretax profit on a statutory basis was 22.9 million pounds.

Revenue for the year was down 31 percent at 178.3 million pounds, hurt by a decline in tooling demand.

Analysts' on average expected the company to post pretax profit of 24 million pounds on a revenue of 186.27 million pounds.

Shares of Hampson were down 9.4 percent at 48 pence at 0735 GMT on Wednesday on the London Stock Exchange. (Reporting by Juhi Arora in Bangalore; Editing by Prem Udayabhanu) ((juhi.arora@thomsonreuters.com; within UK +44 207 542 7717; outside UK +91 80 4135 5800; Reuters Messaging: juhi.arora.reuters.com@reuters.net)