IMI plc 2005 First Half Results - 5 September 2005
IMI plc, the major international engineering group, today announced its interim results for the six months ended 30 June 2005.
|
2005
| 2004
| % change
|
 |
Continuing businesses: |
|
|
|
Sales |
£641m |
£604m |
+6.1 |
Operating profit * |
£72.1m |
£62.9m |
+14.6 |
Total: |
|
|
|
Sales |
£824m |
£801m |
+2.9 |
Operating profit * |
£87.1m |
£79.1m |
+10.1 |
Total profit before tax * |
£82.4m |
£77.1m |
+6.9 |
Adjusted earnings per share ** |
|
|
|
Exceptional loss on disposal/closure |
(£98.0m) |
- |
|
Basic (loss)/earnings per share |
(12.0p) |
14.1p |
|
Basic earnings per share – continuing businesses
|
12.1p |
11.0p |
+10.0 |
Dividend |
6.65p |
6.3p |
+5.6 |
* before intangible amortisation and exceptional items |
** before change in fair value of financial instruments, intangible amortisation and exceptional items |
Norman Askew, Chairman of IMI, commented:
“I am pleased to report that continuing businesses maintained their steady progress with operating profit increasing by around 15%. The sale of the Polypipe businesses, also announced today, continues the Group's strategic development under the leadership of Martin Lamb.
“We remain confident that our continuing businesses in Fluid Controls and Retail Dispense are capable of delivering attractive long term growth.”
To view the full press release in pdf format please click here.
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