Click here to read full announcement.
WSP Group plc, the global business with a vision to be the outstanding supplier of specialist and integrated services to the built and natural environment, reports its half year results for the six months to 30 June 2010.
| Financial Highlights |
Footnote |
2010 |
2009 |
Headline Change |
CER Change |
|
|
|
|
|
|
| Revenue |
1 |
£354.4m |
£376.9m |
(6.0%) |
(9.0%) |
| Operating profit before exceptional items |
1 |
£18.3m |
£18.9m |
(3.2%) |
(8.5%) |
| Exceptional Items |
|
- |
(£0.5m) |
|
|
| Operating profit |
|
£18.3m |
£18.4m |
|
|
| Profit before tax and exceptional items |
|
£17.0m |
£17.7m |
|
|
| Profit before tax |
|
£17.0m |
£17.2m |
|
|
| Diluted earnings per share |
|
17.7p |
18.0p |
|
|
| Net debt at 30 June |
|
£70.9m |
£75.1m |
|
|
| Interim Dividend per share |
|
5.0p |
5.0p |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Footnote: 1 Growth rates are shown on a headline basis and on a constant exchange rate (“CER”) basis calculated by translating 2009 results at 2010 exchange rates. Throughout this announcement the CER basis is used unless otherwise stated.
Commenting on the results and outlook, Chris Cole, Chief Executive, said:
“We are pleased to have achieved this steady performance, in a market which continues to show ongoing uncertainty.
Our diversified business across our regional markets has provided, and will continue to provide, trading resilience in the face of these market uncertainties. We have demonstrated our focus and ability to manage the challenges presented by current economic conditions and we continue to have confidence that WSP will trade resiliently and emerge an even stronger Group as markets improve.”
Analysts’ Presentation
A briefing for analysts will be held today at 9.30 am at the offices of WSP Group plc, 70 Chancery Lane, London, WC2A 1AF.
For further information please contact:
Christopher Cole Chief Executive 020 7314 5121
Peter Gill Finance Director 020 7406 7011
Charles Ryland Buchanan Communications 020 7466 5000
James Strong Buchanan Communications 020 7466 5000
Click here to view full announcement
Click here to view the presentation to analysts and shareholders
Click here for PDF version of the Half Year Report