Profits before tax were pounds 36.7m, up from pounds 26.1m, which was adjusted down from a previously stated pounds 34.7m due to the introduction of the FRS3 accounting standard.
Trading activities generated pounds 15.7m of profits against pounds 6.9m, aided by a nine-month contribution from the 45 per cent owned Bristow Helicopters business.
There was also a seven-month contribution from Exco International, the money broker in which it has a 27 per cent stake.
Peter Buckley, chief executive of Caledonian, which is 48 per cent owned by the Cayzer family, said: 'The year has seen the results of our move to increase our exposure to trading activities by the acquisition of substantial holdings where we are in a position to influence events. We are not short-term merchants.'
Income from investments - which include stakes in English & Scottish Investors, British Empire Securities, Close Brothers, Vaux and London Forfaiting - totalled pounds 12.9m.
That compares with pounds 18.6m, which included the final pounds 6.8m payment from British & Commonwealth preference shares.
Interest receivable dipped from pounds 12.2m to pounds 11m.
At the year-end Caledonian held pounds 10.9m of cash and pounds 88.1m of short-term deposits against a respective pounds 6.5m and pounds 74.4m.
Earnings per share rose 11.6 per cent to 26.9p, but the dividend increase is kept to 4.2 per cent to 15p to 'restore a stronger dividend cover'.
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