IMI plc presents its First Half Results - 8 September 2003
IMI plc, the major international engineering group, today announced its interim results for the six months ended 30 June 2003.
| |
2003
| 2002
|
 |
| Sales |
£780m |
£826m |
| Results before rationalisation & restructuring* |
|
|
 Profit before tax |
£68.3m |
£66.0m |
| Adjusted earnings per share |
12.9p |
12.5p |
| Rationalisation & restructuring |
£2.4m |
£14.1m |
| Profit before tax |
£56.4m |
£47.0m |
| Earnings per share |
9.7p |
8.5p |
| Net borrowings |
£199.1m |
£329.4m |
| Gearing |
37% |
65% |
| Interest cover before rationalisation & restructuring* |
13x |
8x |
* Before goodwill amortisation and exceptional items
- Repositioning progressing well
- Market positions strengthened
- Strong balance sheet
For the complete press release in Adobe Acrobat format click here.
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