Business
2010 Half-year Announcement
2010 Half-year Announcement.
About this update from Mpac Group Plc
[{"type":"text","content":"\n RNS Number : 7161R Molins PLC 27 August 2010 \n \n\n \n27 August 2010 FOR IMMEDIATE RELEASE\n \n2010 HALF-YEAR ANNOUNCEMENT\n \nMolins PLC, the international specialist engineering company, announces its results for the six months ended \n30 June 2010.\n\n\n\n\n \n\n\n \n \n6 months\nto 30 June\n2010\n\n\n \n\n\n \n6 months\nto 30 June\n2009\n(restated)#\n\n\n \n\n\n \n \n12 months\nto 31 Dec\n2009\n\n\n \n\n\n\n\nSales\nUnderlying operating profit*\nProfit before tax – continuing operations\nProfit for the period\n \nUnderlying earnings per share§\nBasic earnings per share\nDividends per share\n \nNet cash from operating activities – continuing operations\nNet funds\n\n\n£40.3m\n£0.8m\n£1.7m\n£1.1m\n \n2.5p\n5.7p\n2.5p\n \n£2.0m\n£3.9m\n\n\n \n\n\n£42.2m\n£1.4m\n£0.6m\n£0.1m\n \n4.1p\n0.6p\n2.5p\n \n£2.8m\n£2.6m\n\n\n \n\n\n£83.8m\n£3.5m\n£2.1m\n£1.1m\n \n11.3p\n5.8p\n5.0p\n \n£8.0m\n£5.0m\n\n\n \n\n\n\n\n \n# Restated to reflect changes in the definitions of underlying operating profit and underlying earnings per share to include the service cost of providing pension benefits to employees (note 2)\n* Continuing operations before exceptional charge of £0.1m (30 June 2009: £0.2m; 31 December 2009: £0.4m)\n§ Continuing operations before exceptional charge of £0.1m (30 June 2009: £0.2m; 31 December 2009: £0.4m) and net financing income on pension scheme balances of £0.7m (30 June 2009: £0.3m expense; 31 December 2009: £0.6m expense), all figures after tax\n \n \n \n \nDick Hunter, Chief Executive, commented:\n\"As announced in June, order intake in the first period of the year was lower than had been expected. This resulted in the Board lowering its expectations of full year sales to levels similar to the previous ye...