28 August 2008 - IMI plc 2008 First Half Results

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).

 

Norman Askew, Chairman of IMI commented:

“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”.

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

back to index back to index   back to top back to top

Back to home page