IMI plc Interim Results - 04 September 2006

IMI plc, the international engineering group, today announced its interim results for the six months ended 30 June 2006.

	2006		2005		% change
Continuing businesses:
Sales	£732m		£641m		+14
Operating profit *	£85.9m		£74.3m		+16
Profit before tax *	£88.1m		£69.6m		+27
Adjusted earnings per share **	16.9p		13.5p		+25
Basic earnings per share	14.5p		12.1p		+20
Restructuring costs	£7.7m		£2.2m
Loss after tax on discontinued businesses	-		£85.1m
Basic earnings/(loss) per share	14.5p		(12.0)p
Dividend	7.0p		6.65p		+5

* before restructuring costs, intangible amortisation and exceptional items
** before restructuring costs, change in fair value of financial instruments, intangible amortisation and exceptional items

Norman Askew, Chairman of IMI commented:

"We have delivered another encouraging set of results in the first half, with healthy organic growth being supported by a strong contribution from recent acquisitions. Prospects for the balance of the year remain positive."

To view the full press release in Acrobat PDF format please click here.

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