IMI plc, the international engineering group, today announced its interim results for the six months ended 30 June 2008.
|
2008 |
|
2007
restated |
|
% change |
 |
| |
|
|
|
|
|
| Revenue |
£911m |
|
£781m
|
|
+17 |
| Adjusted:* |
|
|
|
|
|
| Operating profit |
£120.6m |
|
£94.1m |
|
+28 |
| Profit before tax |
£115.5m |
|
£94.0m |
|
+23 |
| As reported: |
|
|
|
|
|
| Operating profit |
£108.8m |
|
£76.9m |
|
+41 |
| Profit before tax |
£103.7m |
|
£76.8m |
|
+35 |
| |
|
|
|
|
|
| Adjusted earnings per share** |
24.5p |
|
18.9p |
|
+30 |
| Basic earnings per share |
22.2p |
|
15.4p |
|
+44 |
| |
|
|
|
|
|
| Restructuring costs |
£5.6m |
|
£10.9m |
|
|
| |
|
|
|
|
|
| Dividend |
8.0p |
|
7.5p |
|
+7 |
| * |
before restructuring, investigation costs and acquired intangible amortisation. |
| ** |
before the after tax cost of restructuring, investigation costs, acquired intangible amortisation and change in fair value of financial instruments totalling £7.2m (2007: £11.7m). |
“This is a strong set of results with all businesses contributing positively to another period of good organic growth. This growth and the higher margins associated with new products together with benefits arising from our restructuring programme have delivered a 30% increase in adjusted earnings per share. We remain confident of continued progress in the remainder of this year”.
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