Business
Preliminary results - year ended 2 April 2011
Preliminary results - year ended 2 April 2011.
About this update from James Cropper Plc
[{"type":"text","content":"\n \nRNS Number : 2089J Cropper(James) PLC 28 June 2011 \n \n\nIssued by Arbuthnot Securities Limited Embargoed: 7.00am\nDate: Tuesday, 28 June 2011\n \n \nJames Cropper PLC\n \nJames Cropper plc (AIM:CRPR.L) the niche specialist paper and materials group, is pleased to announce its\n \nPreliminary Audited Results for the year ended 2nd April 2011\n \n\n\n\n\nFull year to\n\n\n2 April\n\n\n27 March\n\n\n\n\n\n\n\n\n\n\n2011\n\n\n2010\n\n\nChange\n\n\n\n\n\n\n\n£ms\n\n\n£ms\n\n\n%\n\n\n\n\n· Turnover (inclusive of discontinued operation)\no Group export sales were up 19% and represented 53% of turnover.\n\n\n86.9\n\n\n76.2\n\n\n+14%\n\n\n\n\n· EBITDA (before IAS19 pension adjustment)\n\n\n4.7\n\n\n6.7\n\n\n\n\n\n\n\n· Group profit before tax (before IAS19 pension adjustment)\no Continuing operations\no Inclusive of discontinued operation\n\n\n \n3.4\n1.7\n\n\n \n3.7\n3.3\n\n\n \n \n\n\n\n\n· Group profit before tax (after IAS19 pension adjustment)\no Curtailment of DB pension future service benefits reduce IAS 19 deficit by £10.2 million.\n\n\n11.1\n\n\n2.4\n\n\n\n\n\n\n\n· Total Shareholders' Equity\no Overall IAS 19 pension deficit is reduced by £12.8 million to £1.4 million.\n\n\n27.4\n\n\n17.8\n\n\n+54%\n\n\n\n\n· Earnings per share - continuing operations - diluted\no Before IAS 19 curtailment adjustment\no After IAS 19 curtailment adjustment\n\n\n \n33.3 pence\n117.4 pence\n\n\n \n25.5 pence\n25.5 pence\n\n\n\n\n\n\n\n· Dividend per share declared\n\n\n7.9 pence\n\n\n7.5 pence\n\n\n+5%\n\n\n\n\n· Gearing (after IAS 19 pension deficit) \n\n\n6%\n\n\nNil\n\n\n\n\n\n\n\n· Retailing operations discontin...