Consolidated income statement (unaudited)
|
|
|
Period ended |
Period ended |
Period ended |
|
Continuing operations |
|
|
|
|
|
Revenue |
1,087.8 |
1,021.2 |
2,160.9 |
|
|
Cost of sales |
|
(595.9) |
(544.0) |
(1,159.1) |
|
Gross profit |
|
491.9 |
477.2 |
1,001.8 |
|
Sales and distribution costs |
|
(151.9) |
(155.7) |
(311.5) |
|
Administrative expenses |
|
|
|
|
|
– normal activities |
|
(191.5) |
(185.2) |
(394.2) |
|
– provision for John Crane, Inc. litigation |
(5.7) |
(44.3) |
(100.7) |
|
|
Other operating income |
|
|
42.9 |
66.9 |
|
Profit/(loss) on disposal of businesses |
|
27.0 |
14.5 |
(5.2) |
|
Operating profit |
169.8 |
149.4 |
257.1 |
|
|
Interest receivable |
|
5.7 |
3.3 |
21.4 |
|
Interest payable |
|
(25.5) |
(32.8) |
(57.8) |
|
Other financing gains/(losses) |
(5.2) |
1.1 |
2.1 |
|
|
Other finance income – retirement benefits |
|
20.6 |
16.0 |
33.7 |
|
Finance costs |
|
(4.4) |
(12.4) |
(0.6) |
|
Share of post-tax loss of associates |
|
|
(0.7) |
(0.5) |
|
Profit before taxation |
|
165.4 |
136.3 |
256.0 |
|
Comprising |
|
|
|
|
|
– headline profit before taxation |
158.9 |
134.0 |
344.4 |
|
|
– exceptional items |
|
|
|
|
|
• profit/(loss) on disposal of businesses |
|
27.0 |
14.5 |
(5.2) |
|
• commutation of insurance policies |
|
|
42.9 |
42.9 |
|
• provision for John Crane, Inc. litigation |
(8.2) |
(44.3) |
(100.7) |
|
|
• other |
|
(2.4) |
(5.0) |
(35.2) |
|
– amortisation of acquired intangible assets |
|
(7.2) |
(7.0) |
(14.8) |
|
– other financing gains/(losses) |
(2.7) |
1.2 |
0.6 |
|
|
– profit on sale of financial asset |
|
|
|
24.0 |
|
|
|
165.4 |
136.3 |
256.0 |
|
Taxation |
|
(32.5) |
(30.4) |
(53.1) |
|
Profit after taxation – continuing operations |
|
132.9 |
105.9 |
202.9 |
|
Profit after taxation – discontinued operations |
8.5 |
43.1 |
1,525.2 |
|
|
Profit for the period |
|
141.4 |
149.0 |
1,728.1 |
|
Profit for the period attributable to equity shareholders of the Parent Company |
|
141.4 |
149.0 |
1,728.1 |
|
Earnings per share |
|
|
|
|
|
Basic |
|
36.5p |
26.2p |
314.7p |
|
Basic – continuing operations |
|
34.3p |
18.6p |
36.9p |
|
Diluted |
|
36.0p |
26.1p |
310.3p |
|
Diluted – continuing operations |
|
33.8p |
18.5p |
36.4p |
|
Dividends per share (declared) |
|
|
|
|
|
– interim |
|
10.5p |
10.5p |
10.5p |
|
– final |
|
|
|
23.5p |
|
|
|
10.5p |
10.5p |
34.0p |