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Change |
2005 |
2004 |
Turnover |
+2% |
£299.1m |
£292.6m |
Profit before taxation (1) |
0% |
£50.4m |
£50.3m |
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|
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|
Earnings per share (2) |
0% |
9.42p |
9.44p |
Earnings per share – statutory |
+31% |
7.97p |
6.09p |
Dividend per share |
+5% |
6.50p |
6.19p |
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|
|
|
Return on sales (3) |
|
16.8% |
17.2% |
Return on total invested capital (4) |
|
13.1% |
13.7% |
Return on capital employed (5) |
|
62.4% |
52.4% |
- Before goodwill amortisation of £5,491,000 (2004: £4,220,000) and exceptional items on disposal of non-core businesses of £nil (2004: £9,149,000).
- Before goodwill amortisation of 1.45p (2004: 1.07p) and exceptional items of nil (2004: 2.28p) per share.
- Return on sales is defined as profit (1) before taxation expressed as a percentage of turnover.
- Return on total invested capital is defined as profit before goodwill amortisation and exceptional items and after taxation of £34,690,000 (2004: £34,557,000) expressed as a percentage of net assets plus goodwill in reserves of £70,931,000 (2004: £70,931,000) and cumulative goodwill amortisation of £18,668,000 (2004: £13,177,000).
- Return on capital employed is defined as profit (1) before taxation expressed as a percentage of net tangible assets (being equity shareholders’ funds less intangible assets).
Highlights of the year
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Pre-tax profits (1) of £50.4m marginally exceed last year’s record level (2004 – 53 week period: £50.3m). On a statutory basis, profit before taxation was £44.9 million (2004: £36.9 million).
-
Turnover from ongoing operations up 7% at £299.1m (2004: £279.6m), reflecting an increased contribution from the Group’s enlarged Optics and Specialist business.
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Healthy margins maintained as Halma consistently delivers strong returns, with return on capital employed (5) of 62% and return on total invested capital (4) of 13%.
-
Strong cash generation with two high quality acquisitions made and no gearing at year end (net cash £12m).
-
Continuation of progressive dividend policy with an increase of 5%.
Disclaimer
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