IMI plc Preliminary Results - 10 March 2003
IMI plc, the major international engineering group, today announced its preliminary results for the year ended 31 December 2002.
|
2002
| 2001
|
|
 |
| Sales |
£1612m |
£1642m |
| Results before rationalisation & restructuring costs * |
|
|
|
|
Operating profit from continuing businesses |
£146.0m |
£138.8m |
|
|
Profit before tax |
£131.5m |
£126.1m |
|
|
Adjusted earnings per share |
25.0p |
26.7p |
|
| Rationalisation & restructuring costs |
£32.2m |
£44.6m |
|
| Profit before tax |
£74.3m |
£86.4m |
|
| Earnings per share |
15.7p |
18.3p |
|
| Borrowings |
£173.5m |
£345.3m |
| Gearing |
33% |
70% |
|
| * Before goodwill amortisation and exceptional items |
- Operating margins improving
- Another excellent cash performance
- Borrowings halved
- Maintained dividend of 15.5p for full year
For the complete press release in Adobe Acrobat format click here.
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