Unaudited interim results for the six months ended 31 March 2010
|
|
31 March 2010 £Millions |
31 March 2009 £Millions |
|
REVENUE |
56.5 |
48.4 |
|
EARNINGS BEFORE INTEREST, TAXATION, DEPRECIATION AND AMORTISATION |
6.2 |
3.9 |
|
OPERATING PROFIT |
4.1 |
2.1 |
|
PROFIT BEFORE TAX |
2.9 |
1.4 |
|
NET DEBT |
14.4 |
16.5 |
|
BASIC EARNINGS PER SHARE |
6.1p |
2.7p |
· Revenue up 17% (23% at constant currency)
· Operating profit up 91% (118% at constant currency)
· Continuing operating activities (before exceptional items) generated cash of £4.9m
· Basic Earnings Per Share up 126% (162% at constant currency)
· Continued good level of order intake in Protection & Defence, with closing order book of £69.5m
· Significant year on year improvement in the Dairy business with the outsourcing of European dairy production completed on time and to cost