Business
Half year report
Half year report.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \nRNS Number : 9674H Babcock International Group PLC 21 November 2018 \n\nBabcock International Group PLC\nHalf year report for the six months ended 30 September 2018\n \n21 November 2018\nUnderlying results in line, taking actions to further strengthen Babcock\n\n\n\n\nFinancial results\n\n\n \nStatutory\n\n\n \n\n\nUnderlying\n\n\n\n\n \n\n\n30 September 2018\n\n\n30 September 2017\n\n\nChange\n\n\n \n\n\n30 September 2018\n\n\n30 September 2017\n\n\nFootnote\n\n\nChange\n\n\n\n\nRevenue\n\n\n£2,254.8m\n\n\n£2,316.7m\n\n\n-2.7%\n\n\n \n\n\n£2,576.9m\n\n\n£2,638.9m\n\n\n1\n\n\n-2.3%\n\n\n\n\nOperating profit\n\n\n£49.3m\n\n\n£172.2m\n\n\n-71%\n\n\n \n\n\n£279.6m\n\n\n£275.8m\n\n\n2\n\n\n+1.4%\n\n\n\n\nProfit before tax\n\n\n£65.1m\n\n\n£181.9m\n\n\n-64%\n\n\n \n\n\n£245.5m\n\n\n£239.5m\n\n\n3\n\n\n+2.5%\n\n\n\n\nBasic earnings per share\n\n\n11.5p\n\n\n30.5p\n\n\n-62%\n\n\n \n\n\n39.9p\n\n\n38.7p\n\n\n4\n\n\n+3.1%\n\n\n\n\nThe adjustments described below, collectively, are made to derive the underlying results of the Group. The underlying figures provide a consistent measure of business performance year-to-year, thereby enabling comparison and understanding of Group financial performance. A reconciliation from statutory to underlying is provided within the financial review.\n1. Underlying revenue includes the Group's share of joint ventures and associates revenues.\n2. Underlying operating profit includes IFRIC 12 investment income and joint ventures and associates operating profit but is before amortisation of acquired intangibles and exceptional items.\n3. Underlying profit before tax is inclusive of pre-tax joint ventures and associates income but before amortisation of acquired intangibles and exceptional items.\n4. Underlying basic earnings per share is before amortisation of acquired intangibles and exceptional items, before the related tax effects and before the effect of corporate tax rate changes.\n5. Before pension payments in excess of income statement.\n \n\n\n\n\n \n\n\n30 September 2018\n\n\n30 September 2017\n\n\nChange\n\n\n\n\nFree cash flow5\n\n\n£139.5m\n\n\n£44.3m\n\n\n+215%\n\n\n\n\nNet debt\n\n\n£1,131.9m\n\n\n£1,291.1m\n\n\n-12%\n\n\n\n\nNet debt/EBITDA\...