Business
Interim Results
Interim Results.
About this update from Intertek Group Plc
[{"type":"text","content":"\n Intertek Group PLC\n03 September 2007\n\n\n\nINTERIM 2007 RESULTS ANNOUNCEMENT\n3 SEPTEMBER 2007\n\nIntertek Group plc ('Intertek'), a leading international provider of quality and\nsafety services, announces its interim results for the half year to 30 June\n2007.\n\nPOSITIONED FOR CONTINUED GROWTH\n\n+----------------------------+-------------+--------------+--------------+\n|Half year ended 30 June |2007 |% change over |% change over |\n| | |2006 |2006 at |\n| | |as reported |constant |\n| | | |currency |\n+----------------------------+-------------+--------------+--------------+\n|Revenue |£360.8m |+ 10.3% |+ 18.6% |\n+----------------------------+-------------+--------------+--------------+\n|Operating profit(1) |£54.5m |+ 7.5% |+ 18.5% |\n+----------------------------+-------------+--------------+--------------+\n|Profit before tax |£48.4m |+ 7.1% | |\n+----------------------------+-------------+--------------+--------------+\n|Adjusted profit before tax |£50.3m |+ 6.6% | |\n|(1) | | | |\n+----------------------------+-------------+--------------+--------------+\n|Basic earnings per share |21.5p |+ 7.0% | |\n+----------------------------+-------------+--------------+--------------+\n|Earnings per share (2) |22.5p |+ 5.6% | |\n+----------------------------+-------------+--------------+--------------+\n|Interim dividend per share |5.8p |+ 26.1% | |\n+----------------------------+-------------+--------------+--------------+\n\nHIGHLIGHTS\n\nOrganic revenue and operating profit growth at constant currency of 10.5% and\n10.1% respectively\n\nFor the three main divisions, organic revenue and operating profit growth at\nconstant currency of 12.5% and 11.7% respectively\n\nOperating profit margin of 15.1% is maintained at constant currency\n\nSix businesses acquired in the first half of 2007, for net consideration of\n£58.0m\n\nInterim dividend increase of 26.1%\n\n(1) Excluding amortisation of intangible assets arising on acquisitions £1.9m\n(2006: £2.0m)\n(2) Diluted adjusted earnings per share based on profit before amortisation of\nintangible assets arising on acquisitions\n\n\nWolfhart Hauser, Chief Executive Officer, commented:\n\n'I am pleased to report good growth for the half year, continuing the strong\nmomentum we saw in 2006 despite the US dollar being approximately 11% weaker\nagainst sterling. Our underlying...