Business
Prelim Results for the year ended 30 March 2013
Prelim Results for the year ended 30 March 2013.
About this update from James Cropper Plc
[{"type":"text","content":"\n \nRNS Number : 7435H Cropper(James) PLC 25 June 2013 \n \n\nJames Cropper plc\n \nJames Cropper plc (AIM: CRPR.L) the specialist paper and advanced materials group, is pleased to announce its\nPreliminary Audited Results for the year ended 30 March 2013\n \n\n\n\n\nFull year to\n\n\n30 March\n\n\n31 March\n\n\n\n\n\n\n\n2013\n\n\n2012\n\n\n\n\n\n\n\n£m\n\n\n£m\n\n\n\n\n· Turnover\n\n\n79.2\n\n\n78.2\n\n\n\n\n· EBITDA (before IAS19 pension adjustment)\n\n\n5.4\n\n\n3.9\n\n\n\n\n· Group profit before tax (before IAS19 pension adjustment) - note 1 \n\n\n2.1\n\n\n0.8\n\n\n\n\n· Group profit before tax (after IAS19 pension adjustment) - note 1 \n\n\n1.8\n\n\n1.0\n\n\n\n\n· Total Shareholders' Equity - note 2 \n\n\n20.3\n\n\n22.0\n\n\n\n\n· Earnings per share - diluted \n\n\n16.5 pence\n\n\n9.5 pence \n\n\n\n\n· Dividend per share declared\n\n\n7.9 pence\n\n\n7.9 pence\n\n\n\n\n· Gearing (after IAS 19 pension deficit) \n\n\n46%\n\n\n30%\n\n\n\n\nNotes\n\n\n\n\n1. FY 31 March 2012 - After redundancy provision of £0.8m \n\n\n\n\n2. FY 30 March 2013 - Net IAS 19 pension deficit increased by £2.1m to £8.0m as a consequence of fall in bond yields\n\n\n\n\n\n\n\n\n\nHighlights - FY 30 March 2013\n\n\n\n\n· Group turnover up 1% on last year with UK sales up 4% and export sales down 1%; sales into the USA were up 24% whilst sales into continental Europe were down 12%.\n\n\n\n\n· TFP: Turnover up 6%; Operating profit £1.5m (£0.6m in FY 2011/12)\n\n\n\n\n· Speciality Papers: Turnover down 3%; Operating profit £0.7m (£1.4m in FY 2011/12)\n\n\n\n\n· Converting: Turnover up 25%; Operating profit £1.0m (£0.2m in FY 2011/12)\n\n\n\n\n· Strategic investment in capability of TFP and Speciality Papers\no Capital investment - £4.1m\no Expensed against revenue - £0.6m\n\n\n\n\n· Restructuring of UK workforce completed in FY 2012/13 - full r...