|
| |
Change |
2004 |
2003 |
| |
|
£m |
£m |
| Turnover |
+9% |
292.6 |
267.3 |
| Overseas sales |
+10% |
206.1 |
188.2 |
| Profit before taxation(1) |
+8% |
50.3 |
46.5 |
| |
|
|
|
| Earnings per share(2) |
+10% |
9.44p |
8.55p |
| Earnings per share - statutory |
|
6.09p |
7.76p |
| Dividend per share |
+7% |
6.19p |
5.812p |
| |
|
|
|
| Return on sales(3) |
|
17.2% |
17.4% |
| Turnover to net tangible assets |
|
3.05
times |
3.08
times |
| Return on capital employed(4) |
|
52.4% |
53.5% |
1 Before goodwill amortisation of £4,220,000 (2003: £3,235,000) and exceptional items on disposal of non-core businesses of £9,149,000 (2003: £nil).
2 Before goodwill amortisation of 1.07p (2003: 0.79p) and exceptional items of 2.28p (2003: nil) per share.
3 Return on sales is defined as profit before taxation(1) expressed as a percentage of turnover.
4 Return on capital employed is defined as profit before taxation(1) expressed as a percentage of net tangible assets (being equity shareholders' funds less intangible assets).
Highlights
- Organic and acquisition growth contribute to record pre-tax profit(1)
- Widespread improvement in sales performance across the Group's businesses and regions produced 9% turnover growth
- Return on capital employed(4) above 50% delivered cash generation of £22m during the year
- Quality of Halma's operations strengthened by the sale of three non-core businesses in the year followed by two acquisitions since the year end
- Progressive dividend policy maintained with 7% growth
Disclaimer
|
|