Robert Wiseman Dairies Interim Results 2008
Financial Highlights
> Sales volumes up 2.6% to 765.3 million litres (2007 : 745.6 million)
> Turnover increased by 21% to a record £396.3 million (2007 : £327.6 million)
> Operating profit decreased by 31.0% to £13.3 million (2007 : £19.3 million)
> Operating profit per litre 1.74 ppl (2007 : 2.58 ppl)
> Earnings per share reduced to a loss of 13.84p (2007 : profit of 18.82p)
> Adjusted * earnings per share decreased by 36.4% to 11.13p (2007 : 17.50p)
> Interim dividend of 5.00p per share, an increase of 25% (2007 : 4.00p)
> Net debt lower than expected at £50.2 million (2007 : £44.0 million)
* In the current year there is a one-off deferred tax charge of £17.9 million arising from a change in legislation to phase out Industrial Buildings Allowances. In the prior year there was a deferred tax credit arising from the change in the corporation tax rate from 30% to 28% of £1 million.
> Sales volumes up 2.6% to 765.3 million litres (2007 : 745.6 million)
> Turnover increased by 21% to a record £396.3 million (2007 : £327.6 million)
> Operating profit decreased by 31.0% to £13.3 million (2007 : £19.3 million)
> Operating profit per litre 1.74 ppl (2007 : 2.58 ppl)
> Earnings per share reduced to a loss of 13.84p (2007 : profit of 18.82p)
> Adjusted * earnings per share decreased by 36.4% to 11.13p (2007 : 17.50p)
> Interim dividend of 5.00p per share, an increase of 25% (2007 : 4.00p)
> Net debt lower than expected at £50.2 million (2007 : £44.0 million)
* In the current year there is a one-off deferred tax charge of £17.9 million arising from a change in legislation to phase out Industrial Buildings Allowances. In the prior year there was a deferred tax credit arising from the change in the corporation tax rate from 30% to 28% of £1 million.
