Business
Half Year Results of Coats Group Ltd 30.06.11
Half Year Results of Coats Group Ltd 30.06.11.
About this update from Coats Group Plc
[{"type":"text","content":"\n \nRNS Number : 0801N Guinness Peat Group PLC 26 August 2011 \n \n\n \n \n\n\n\n\nGuinness Peat Group plc\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe following unaudited consolidated results of Coats Group Limited (\"the Group\") for the six months ended 30 June 2011 are released by Guinness Peat Group plc (\"GPG\") for information only. \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nChris Healy\n\n\n\n\n\n\n\n\n\n\nCompany Secretary\n\n\n\n\n\n\n\n\n\n\nGuinness Peat Group plc\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n26 August 2011\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nContacts:\n\n\n\n\n\n\n\nGary Weiss\n\n\n00 61 2 8227 5507\n\n\n\n\nMike Allen\n\n\n00 64 2 1606 134\n\n\n\n\n\n\n\n\n\n\n \n \n \n \n \n \n \n \n \n \n \n\n\n \n \n\n\n\n\nCoats Group Limited: unaudited results* for the six months ended 30 June 2011\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial Summary\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n2011\n\n\n2010\n\n\n\n\n\n\n\n\n\n\nHalf year\n\n\nHalf year\n\n\n\n\n\n\n\n\n\n\nUnaudited\n\n\nUnaudited\n\n\n\n\n\n\n\n\n\n\nUS$m\n\n\nUS$m\n\n\n\n\nRevenue\n\n\n\n\n\n861.8\n\n\n761.2\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit before reorganisation, impairment and other exceptional items**\n\n\n\n\n\n83.5\n\n\n66.9\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit\n\n\n\n\n\n68.7\n\n\n60.7\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit before taxation and exceptional items**\n\n\n\n\n\n78.9\n\n\n61.0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit before taxation\n\n\n\n\n\n64.1\n\n\n54.8\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet profit attributable to equity shareholders\n\n\n\n\n\n36.9\n\n\n35.5\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet cash inflow/(outflow) from normal operating activities\n\n\n\n\n\n30.5\n\n\n(8.8)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAverage net debt\n\n\n\n\n\n295.6\n\n\n306.8\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet gearing\n\n\n\n\n\n50%\n\n\n65%\n\n\n\n\n*see note 1 to the financial information\n**see note 2 to the financial information\n \n· Total revenue up 13%.\n \n· Pre-exceptional operating profit increased by 25%.\n \n· Profit before tax on ...