REG - Alumasc Group Plc - Final Results <Origin Href="QuoteRef">ALUG.L</Origin> - Part 3

AlumascAnnouncement

05/09/2017 07:05

- Part 3: For the preceding part double click  ID:nRSE7807Pb 

                                                                                                                                                                                                                                           6,366     6,124     7,722    8,261    9,011      
                                                                                                                                                                                                                                                                                                                                                                                                           
 Non-underlying costs*                                                                                                                                                                                                                                                                                                                                    (2,984)   (1,168)   (1,434)  (1,502)  (888)      
 Profit before taxation                                                                                                                                                                                                                                                                                                                                   3,382     4,956     6,288    6,759    8,123      
                                                                                                                                                                                                                                                                                                                                                                                                           
 Taxation                                                                                                                                                                                                                                                                                                                                                 (1,025)   (1,016)   (1,483)  (1,581)  (1,583)    
 Profit for the year from continuing operations                                                                                                                                                                                                                                                                                                           2,357     3,940     4,805    5,178    6,540      
                                                                                                                                                                                                                                                                                                                                                                                                           
 Discontinued operations - (Loss)/profit after tax                                                                                                                                                                                                                                                                                                        (471)     101       (429)    1,306    -          
 Profit for the year                                                                                                                                                                                                                                                                                                                                      1,886     4,041     4,376    6,484    6,540      
                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                           
 Underlying earnings per share (pence)                                                                                                                                                                                                                                                                                                                    13.3      13.0      16.9     18.4     20.1       
                                                                                                                                                                                                                                                                                                                                                                                                           
 Basic earnings per share - continuing operations (pence)                                                                                                                                                                                                                                                                                                 6.6       11.1      13.5     14.5     18.3       
                                                                                                                                                                                                                                                                                                                                                                                                           
 Basic earnings per share (pence)                                                                                                                                                                                                                                                                                                                         5.3       11.3      12.3     18.2     18.3       
                                                                                                                                                                                                                                                                                                                                                                                                           
 Dividends per share (pence)                                                                                                                                                                                                                                                                                                                              4.5       5.0       6.0      6.5      7.15       
                                                                                                                                                                                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                                                           
 Balance Sheet Summary at 30 June                                                                                                                                                                                                                                                                                                                                                                          
 Shareholders' funds                                                                                                                                                                                                                                                                                                                                      22,443    17,042    15,929   16,580   20,437     
 Net debt/(cash)                                                                                                                                                                                                                                                                                                                                          7,687     7,666     (914)    (8,632)  (6,076)    
 Pension deficit (net of associated deferred tax asset)                                                                                                                                                                                                                                                                                                   7,748     14,338    16,748   18,588   17,095     
 Discontinued operations                                                                                                                                                                                                                                                                                                                                  (12,169)  (11,037)  (2,969)  -        -          
                                                                                                                                                                                                                                                                                                                                                                                                           
 Capital Invested - continuing operations                                                                                                                                                                                                                                                                                                                 25,709    28,009    28,794   26,536   31,456     
                                                                                                                                                                                                                                                                                                                                                                                                           
 Underlying return on capital invested (post-tax)**                                                                                                                                                                                                                                                                                                       19.0%     18.8%     22.8%    24.3%    25.0%      
                                                                                                                                                                                                                                                                                                                                                                                                           
 Underlying tax rate                                                                                                                                                                                                                                                                                                                                      25.7%     24.2%     22.0%    20.8%    20.6%      
                                                                                                                                                                                                                                                                                                                                                                                                           
 Order book at 30 June                                                                                                                                                                                                                                                                                                                                    21,116    19,737    24,014   26,569   28,565     
                                                                                                                                                                                                                                                                                                                                                                                                           
 Notes                                                                                                                                                                                                                                                                                                                                                                                                     
 * Non-underlying costs comprise brand amortisation and IAS 19 pension costs in all years. In 2012/13 non-underlying costs also included restructuring costs and a goodwill impairment charge. ** Underlying operating profit after tax from continuing operations calculated using the underlying tax rate, as a percentage of average capital invested            
                                                                                                                                                                                                                                                                                                                                                          
 
 
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