Business
2008 Annual Results (Part 1)
2008 Annual Results (Part 1).
About this update from Premier Foods Plc
[{"type":"text","content":"\n RNS Number : 3554O Premier Foods plc 05 March 2009 \n\n\n\n\n \n\n\n\n5 March 2009\n\nPremier Foods plc Annual Results 2008\n\nBusiness trading well - adjusted earnings per share from continuing operations up 5.4%\nTransformation nearing completion - competitively positioned for the future\n\nCapital structure solution - £404m equity issue combined with renegotiated bank agreements and pensions framework agreement\n\n\n\n\n\n\n\n\n\nYear ended\n31 December 2008\n£m\n\n\n\n\n\nYear ended\n31 December\n2007\n£m\n\n\n\nChange\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTurnover1\n\n\n2,603.6\n\n\n\n\n\n2,125.2\n\n\n22.5%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTrading profit2\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Including operations discontinued in \n 20083\n\n\n320.2\n\n\n\n\n\n280.2\n\n\n14.3%\n\n\n\n\n Continuing operations\n\n\n310.2\n\n\n\n\n\n271.9\n\n\n14.1%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit before exceptional items1\n\n\n256.0\n\n\n\n\n\n230.7\n\n\n11.0%\n\n\n\n\nOperating (loss)/profit1\n\n\n(40.5)\n\n\n\n\n\n72.0\n\n\n-\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted profit before tax4\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Including operations discontinued in \n 20083\n\n\n193.8\n\n\n\n\n\n170.8\n\n\n13.5%\n\n\n\n\n Continuing operations\n\n\n183.6\n\n\n\n\n\n162.5\n\n\n13.0%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLoss after tax1,5\n\n\n(373.3)\n\n\n\n\n\n(37.8)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic (loss)/ earnings per share\n\n\n(52.5p)\n\n\n\n\n\n(8.2p)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted earnings per share4\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Including operations discontinued in \n 20083\n\n\n16.4p\n\n\n\n\n\n15.5p\n\n\n5.8%\n\n\n\n\n Continuing operations \n\n\n15.5p\n\n\n\n\n\n14.7p\n\n\n5.4%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDividend per share\n\n\n-\n\n\n\n\n\n6.5p\n\n\n-\n\n\n\n\n\n H2 Group turnover for continuing operations up 10.0%\n\n\n\n\nGrocery division in good volume growth for last four months of the year\n\n\nHo...