REG - M&C Saatchi PLC - Half-year Report <Origin Href="QuoteRef">SAA.L</Origin> - Part 2
25/09/2017 07:06
- Part 2: For the preceding part double click ID:nRSY6355Ra
279 8,343 15,423
BASIC EARNINGS PER SHARE
Weighted average number of shares (Thousands) 73,193 73,193
Basic EPS 0.20p 21.07p
DILUTED EARNINGS PER SHARE
Weighted average number of shares (Thousands) as above 73,193 71,319
Add
- Conditional shares 1,867 1,867
Total 75,060 75,060
Diluted earnings per share 0.19p 20.55p
5. SEGMENTAL INFORMATION
This segmental information is reconciled to the statutory results in Note 4.
Six months to UK£000 Europe£000 Middle East and Africa Asia and Australia£000 Americas£000 Total£000
30 June 2017 £000
Revenue 42,553 16,195 6,352 31,102 24,833 121,035
Operating profit excluding Group costs 5,612 2,433 341 3,717 3,642 15,745
Group costs (2,247) (44) - (171) (33) (2,495)
Operating profit 3,365 2,389 341 3,546 3,609 13,250
Share of results of associates 332 6 - 193 - 531
and JV
Financial income and cost (227) (35) 24 27 (334) (545)
Profit before taxation 3,470 2,360 365 3,766 3,275 13,236
Taxation (393) (958) 21 (1,048) (490) (2,868)
Profit for the period 3,077 1,402 386 2,718 2,785 10,368
Non controlling interests (642) (213) 25 (436) (17) (1,283)
Profit attributable to equity shareholders 2,435 1,189 411 2,282 2,768 9,085
of the Group
HEADLINE BASIC EPS 11.94p
Non cash costs included in headline operating profit:
Depreciation & Amortisation of software (552) (116) (176) (305) (243) (1,392)
Share option charges - - - - - -
OFFICE LOCATION London MilanBerlinMadridGenevaStockholmMoscowIstanbul JohannesburgCape TownAbu DhabiDubaiBeirutTel Aviv SydneyMelbourneNew DelhiBangaloreIslamabadHong KongShanghaiTokyoKuala LumpurBangkokSingapore New York ChicagoLos Angeles San FranciscoSão Paulo
Six months to UK£000 Europe£000 Middle East and Africa Asia and Australia£000 Americas£000 Total£000
30 June 2016 £000
Revenue 40,595 12,371 4,725 22,787 19,741 100,219
Operating profit excluding Group costs 5,270 1,999 371 2,720 3,378 13,738
Group costs (2,188) (44) - (160) (19) (2,411)
Operating profit 3,082 1,955 371 2,560 3,359 11,327
Share of results of associates 425 20 - 25 (65) 405
and JV
Financial income and cost (142) (22) 23 38 (240) (343)
Profit before taxation 3,365 1,953 394 2,623 3,054 11,389
Taxation (685) (661) (211) (722) (33) (2,312)
Profit for the period 2,680 1,292 183 1,901 3,021 9,077
Non controlling interests (404) (294) (61) (326) (286) (1,371)
Profit attributable to equity shareholders 2,276 998 122 1,575 2,735 7,706
of the Group
HEADLINE BASIC EPS 10.71p
Non cash costs included in headline operating profit:
Depreciation & Amortisation of software (633) (86) (77) (168) (255) (1,219)
Share option charges - - - - - -
OFFICE LOCATION London MilanBerlinMadridGenevaStockholmMoscowIstanbul JohannesburgCape TownAbu DhabiDubaiBeirutTel Aviv SydneyMelbourneNew DelhiIslamabadHong KongShanghaiTokyoKuala LumpurBangkokSingapore New York ChicagoLos Angeles San FranciscoSão Paulo
Year ended UK£000 Europe£000 Middle East and Africa Asia and Australia£000 Americas£000 Total£000
31 December 2016 £000
Revenue 88,504 26,685 11,673 52,531 45,994 225,387
Operating profit excluding Group costs 10,398 4,028 1,085 5,754 7,119 28,384
Group costs (4,879) (87) - (343) (38) (5,347)
Operating profit 5,519 3,941 1,085 5,411 7,081 23,037
Share of results of associates 1,323 (3) - 290 (80) 1,530
and JV
Financial income and cost (343) (43) 43 124 (572) (791)
Profit before taxation 6,499 3,895 1,128 5,825 6,429 23,776
Taxation (811) (1,350) (362) (1,458) (129) (4,110)
Profit for the year 5,688 2,545 766 4,367 6,300 19,666
Non controlling interests (1,320) (494) (326) (844) (1,259) (4,243)
Profit attributable to equity shareholders 4,368 2,051 440 3,523 5,041 15,423
of the Group
HEADLINE BASIC EPS 21.07p
Non cash costs included in operating profit:
Depreciation & Amortisation of software (1,632) (304) (194) (342) (550) (3,022)
Share option charges - - - - - -
OFFICE LOCATION London MilanBerlinMadridGenevaStockholmMoscowIstanbul JohannesburgCape TownAbu DhabiDubaiBeirutTel Aviv SydneyMelbourneNew DelhiBangaloreIslamabadHong KongShanghaiTokyoKuala LumpurBangkokSingapore New York ChicagoLos Angeles San FranciscoSão Paulo
6. Finance Income
Six months Six months Year
ended ended ended
30 June 2017 30 June 2016 31 December
2016
£000 £000 £000
Bank interest receivable 140 92 338
Other interest receivable 25 77 102
Total finance income 165 169 440
Fair value adjustments to minority shareholder put option liabilities 4,355 3,628 -
Total 4,520 3,797 440
7. Finance COsts
Six months Six months Year
ended ended ended
30 June 2017 30 June 2016 31 December
2016
£000 £000 £000
Finance costs
Bank interest payable (700) (510) (1,227)
Other interest payable (10) (2) (4)
Total interest payable (710) (512) (1,231)
Fair value adjustments to minority shareholder put option liabilities - - (597)
Total (710) (512) (1,828)
8. Taxation
Income tax expenses are recognised based on management's estimate of the
average annual headline income tax expected for the full financial year.
The estimated headline effective annual tax rate (excluding associates) used
for the period to 30 June 2017 is 21.6% (30 June 2016: 21.2%). The increase in
the headline tax rate is due to increased profits made in USA.
The estimated effective annual tax rate for the period to 30 June 2017 is
20.9% (30 June 2016: 15.5%). The difference between the headline and statutory
tax rates is caused by a difference in the profit before tax due to the impact
of fair value adjustments to minority shareholder put option liabilities that
have no effect on the tax charge.
9. Dividends
Six months Six months Year
ended ended ended
30 June 2017 30 June 2016 31 December
2016
£000 £000 £000
2015 final dividend 5.60p (2014: 4.87pp) - - 4,084
2016 interim dividend 1.85p (2015: 1.61p) - - 1,374
- - 5,458
The directors propose an interim dividend of 2.13p per share (2016: 1.85p per
share) payable on 10 November 2017 to shareholders who are on the register at
27 October 2017. This interim dividend, amounting to £1,711k (2016: £1,374k)
has not been recognised as a liability in this half-yearly financial report.
10. Cash consumed by acquisitions
Six months Six months Year
ended ended ended
30 June 2017 30 June 2016 31 December
2016
£000 £000 £000
Acquisitions
Initial cash consideration paid (1,375) (14,476) (15,717)
Cash and cash equivalents acquired 541 3,443 2,895
(834) (11,033) (12,822)
This information is provided by RNS
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