|
| |
|
6 months |
|
6 months |
12 months |
| |
|
ended |
|
ended |
ended |
| |
|
Sept 2004 |
|
Sept 2003 |
Mar 2004 |
| |
|
Rm |
% |
Rm |
Rm |
| |
Notes |
Unaudited |
change |
Unaudited |
Audited |
| Revenue |
3 |
1 185.0 |
10.9% |
1 068.4 |
2 274.7 |
| Cost of sales |
|
(494.3) |
|
(431.6) |
(919.6) |
| Gross profit |
|
690.7 |
|
636.8 |
1 355.1 |
| Bad and doubtful debts |
4 |
(37.6) |
|
(73.7) |
(115.1) |
| Depreciation |
|
(21.1) |
|
(21.0) |
(38.7) |
| Employment costs |
|
(194.5) |
|
(172.6) |
(367.8) |
| Occupancy costs |
|
(43.1) |
|
(40.3) |
(83.4) |
| Other operating costs |
|
(124.5) |
|
(113.1) |
(244.5) |
| Operating profit |
|
269.9 |
24.9% |
216.1 |
505.6 |
| Investment income |
|
20.6 |
|
25.4 |
34.9 |
| Profit before finance costs |
|
290.5 |
20.3% |
241.5 |
540.5 |
| Finance costs |
|
(30.4) |
|
(75.2) |
(141.7) |
| Profit before tax |
|
260.1 |
56.4% |
166.3 |
398.8 |
| Tax |
|
(78.4) |
|
(49.7) |
(111.5) |
| Net profit attributable to ordinary shareholders |
181.7 |
55.8% |
116.6 |
287.3 |
| |
RECONCILIATION OF HEADLINE EARNINGS
|
| Net profit attributable to ordinary shareholders |
181.7 |
|
116.6 |
287.3 |
| Adjusted for |
|
|
|
|
| Amortisation of negative goodwill |
|
- |
- |
- |
(1.0) |
| Profit on disposal of property, plant and |
|
|
|
|
| equipment |
(1.9) |
|
(1.4) |
(3.1) |
| Loss on disposal/impairment of available- |
|
|
|
|
| for-sale assets |
1.0 |
|
1.6 |
3.5 |
| Taxation effect |
0.4 |
|
0.3 |
0.9 |
| Headline earnings |
181.2 |
54.7% |
117.1 |
287.6 |
| Number of Lewis Group Ltd ordinary shares (000) |
|
|
|
|
| In issue |
100 000 |
|
100 000 |
100 000 |
| Weighted average |
100 000 |
|
100 000 |
100 000 |
| Fully diluted weighted average |
100 000 |
|
100 000 |
100 000 |
| Earnings per share (cents) |
181.7 |
55.8% |
116.6 |
287.3 |
| Headline earnings per share (cents) |
181.2 |
54.7% |
117.1 |
287.6 |
