Consolidated Income Statement

Condensed consolidated income statement
for the half year ended 31 December 2016 (unaudited)

  Notes Half year to
31 Dec
2016
Total
£m
Half year to
31 Dec
2015
Total
£m
Year to 30
Jun 2016
(audited)
Total
£m
Group revenue 3 1,235.30 1,182.30 2,494.90
Cost of sales (1,101.10) (1,063.40) (2,223.20)
Gross profit 134.2 118.92 271.7
Administrative expenses (70.6) (69.2) (152.3)
Profit on disposal of property, plant and equipment   - - -
Share of post tax profits from joint ventures   5.9 9.9 19.2
Profit before finance costs 69.5 59.6 143.8
Profit from operations 3 74.7 65.9 157.5
Share of joint ventures’ interest and  tax   (3.7) (4.2) (9.4)
Amortisation of intangibles   (1.5) (2.1) (4.3)
Profit before finance costs   69.5 59.6 143.8
Finance income 4 1.8 1.7 7.6
Finance costs 4 (8.3) (8.4) (16.4)
Profit before income tax 63 52.9 135
Income tax expense 5 (12) (10.1) (26.1)
Profit for the period   51 42.8 108.9
Earnings per share
- Basic 6 61.9p 52.2p 132.5p
- Diluted 6 61.3p 51.5p 131.3P