Business
Replacement - Half-year Report
Replacement - Half-year Report.
About this update from James Cropper Plc
[{"type":"text","content":"\n \nRNS Number : 4736W Cropper(James) PLC 14 November 2017 \n\nThe following amendment has been made to the announcement of Interim Results released at 7.00 am on 14 November 2017 under RNS No 3786W. The Record Date for the interim dividend is 1 December 2017, and not 30 November 2017 as previously stated. All other details remain unchanged. The full corrected text of the announcement is set out below.\n \nJames Cropper plc\n(the \"Company\")\nThe advanced materials and paper products group, is pleased to announce its \nHalf year results to 30 September 2017\n\n\n\n\n \n \n\n\nHalf year to 30 September 2017\n\n\nHalf year to 1 October 2016\n\n\nFull year to 1 April 2017\n\n\n\n\n \n\n\n£m\n\n\n£m\n\n\n£m\n\n\n\n\nRevenue\n\n\n47.4\n\n\n45.4\n\n\n92.4\n\n\n\n\nAdjusted operating profit (excluding IAS19 impact) \n\n\n3.0\n\n\n2.6\n\n\n6.9\n\n\n\n\nOperating profit\n\n\n2.7\n\n\n2.3\n\n\n6.2\n\n\n\n\nAdjusted profit before tax (excluding IAS19 impact)\n\n\n2.8\n\n\n2.4\n\n\n6.6\n\n\n\n\nImpact of IAS19\n\n\n(0.5)\n\n\n(0.4)\n\n\n(0.9)\n\n\n\n\nProfit before tax\n\n\n2.3\n\n\n2.0\n\n\n5.6\n\n\n\n\nEarnings per share - basic\n\n\n23.1p\n\n\n17.4p\n\n\n50.5p\n\n\n\n\nEarnings per share - diluted\n\n\n22.9p\n\n\n17.2p\n\n\n50.0p\n\n\n\n\nDividend per share declared\n\n\n2.5p\n\n\n2.5p\n\n\n11.8p\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet borrowings\n\n\n(4.7)\n\n\n(6.6)\n\n\n(7.3)\n\n\n\n\nEquity shareholders' funds\n\n\n23.4\n\n\n16.0\n\n\n21.9\n\n\n\n\nGearing % - before IAS 19 deficit\n\n\n12%\n\n\n19%\n\n\n20%\n\n\n\n\nGearing % - after IAS 19 deficit\n\n\n20%\n\n\n41%\n\n\n34%\n\n\n\n\nCapital expenditure \n\n\n1.3\n\n\n2.1\n\n\n5.3\n\n\n\n\n \n \nHighlights\n· Adjusted PBT (prior to IAS 19 impact) at £2.8m, up 17% on prior year comparative\n· PBT at £2.3m, up 14% on prior year comparative\n· EPS (diluted) up 33% to 22.9p from 17.2p on prior year comparative\n· Revenue in TFP up 20% on prior year comparative. Total revenue up by 4.5%\n· TFP is benefitting from increased activity in the sales of pr...