Interim Results Announcement for the six months ended 30 September 2003
04/12/2003
HIGHLIGHTS
Group turnover from continuing operations increased 5.2% to £358.8m.
Group operating profit from continuing operations increased 5.2% to £146.0m.
Group profit before taxation and exceptional items increased 5.8% to £99.7m.
Exceptional profit of £17.1m on sale of shares in Waste Recycling Group plc.
Adjusted earnings per share (excluding deferred tax) increased 0.9% to 22.2p.
Continued good performance from UK/US water businesses.
Interim dividend increased to 8.10p (2002: 7.86p).
KEY FIGURES
2003
2002
Increase
Group turnover from continuing operations
£358.8m
£341.2m
5.2%
Group operating profit from continuing operations
£146.0m
£138.8m
5.2%
Profit before taxation and exceptional items
£99.7m
£94.2m
5.8%
Adjusted earnings per share (excluding deferred tax)
22.2p
22.0p
0.9%
Interim dividend per share
8.10p
7.86p
3.0%
Commenting on the results, Kelda Chairman John Napier said:
“Kelda has made a good start to the year. Strong operational and financial performance in the Yorkshire Water business and solid performance in the US by Aquarion contributed to growth in operating profit of 5.2%”.
For further information contact:
4 December
Martin Towers, Kelda Group
020 7568 2128
David Trenchard/Tim Lynch,
020 7353 4200
Tulchan Communications
After 4 December
Kelda Group Press Office
01274 692954
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