Investors
Summary
Highlights
| | Unaudited
Six Months
ended
30 Nov 2008 | Unaudited
Six Months
ended
30 Nov 2007 |
Change |
|---|
| Revenue | £296.5m | £174.3m | +70% |
| Operating Profit | £13.9m | £8.5m | +64% |
| Underlying Operating Profit (1) | £16.2m | £9.2m | +76% |
| Profit Before Tax | £12.2m | £6.6m | +85% |
| Underlying Profit Before Tax (2) | £13.9m | £7.1m | +96% |
| Diluted EPS | 28.5p | 15.5p | +84% |
| Underlying Diluted EPS (2) | 34.9p | 17.4p | +101% |
| Proposed Interim Dividend | 3.8p | 3.3p | +15% |
(1) Underlying operating profit is stated excluding the amortisation of acquired intangibles and release of negative goodwill and including share of profit in jointly controlled entities and associates
(2) Underlying profit before tax and EPS is stated excluding the amortisation of acquired intangibles and release of negative goodwill
- Record results, in line with recently upgraded expectations
- Remaining 50% of Coal4Energy acquired in January for £9m
- JV signed with Evonik, a major German power station operator, to merge and jointly develop UK ash businesses
- Belgian coal operation commenced in November 2008
- Renewables business developing faster than expected
- Joint venture signed to investigate a 4m tonne surface coal opportunity at the former Tower Colliery
- Interim dividend increased 15% to 3.8p
- Intention to investigate a move to main market in the next 12 months
