Preliminary Results for fifty-two weeks ended 26 October 2003 - Cosalt

COSALT PLC
Preliminary Results for 52 weeks ended 26 October 2003
Consolidated Profit and Loss Account
52 weeks ended 26 October 2003 52 weeks ended 27 October 2002
Before Goodwill Total Before Goodwill Total
goodwill, amortisation
goodwill, amortisation
amortisation and
amortisation and
and exceptional
and exceptional
exceptional items
exceptional items
items
items
£000’s £000’s £000’s £000’s £000’s £000’s
Turnover
Operating Profit
151,603 - 151,603 142,695 - 142,695
Operating profit before
goodwill amortisation and
exceptional items
8,546 - 8,546 8,062 - 8,062
Goodwill amortisation - (152) (152) - (122) (122)
Reorganisation and
redundancy costs - (930) (930) - (852) (852)
Total operating profit 8,546 (1,082) 7,464 8,062 (974) 7,088
Loss on disposal of business
Profit on disposal of fixed
- (215) (215) - - -
assets - 468 468
Profit on ordinary activities
before interest
8,546 (829) 7,717
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-
8,062
437 437
(537) 7,525
Interest payable (net)
Profit on ordinary activities
(1,715) - (1,715) (1,483) - (1,483)
before taxation 6,831 (829) 6,002 6,579 (537) 6,042
Taxation on ordinary activities (2,069) 343 (1,726) (2,078) 256 (1,822)
Profit after taxation 4,762 (486) 4,276 4,501 (281) 4,220
Preference dividends
Profit attributable to
(4) - (4) (4) - (4)
ordinary shareholders 4,758 (486) 4,272 4,497 (281) 4,216
Ordinary dividends
(equity shares) (2,383) - (2,383) (2,184) - (2,184)
Retained profits 2,375 (486) 1,889 2,313 (281) 2,032
Basic earnings per
ordinary share
Diluted earnings per
37.58p 33.74p 36.05p 33.80p
ordinary share 37.40p 33.58p 36.03p 33.78p
Dividend per share
i
18.25p 18.25p 17.50p 17.50p
. All operations are classed as continuing.
ii. There are no recognised gains and losses other than the profit for the period.
iii.There is no material difference between the profit on ordinary activities before taxation and the retained profit for
the year stated above and their historical cost equivalents