This section provides the adjusted financial results for the most recent financial year, the year-ended 30 April 2011, along with the prior year comparative.
|
|
2011 *Adjusted Results £m |
2010 *Adjusted Results £m |
Change % |
|
|
|
|
|
|
Revenue |
135.0 |
131.9 |
+2% |
|
Cost of sales |
(107.7) |
(105.1) |
|
|
Gross profit |
27.3 |
26.8 |
+2% |
|
Distribution costs |
(5.5) |
(5.5) |
|
|
Administrative expenses |
(14.3) |
(14.0) |
|
|
Operating profit |
7.5 |
7.3 |
+3% |
|
Net finance costs |
(0.8) |
(1.0) |
|
|
Profit from continuing operations before taxation |
6.7 |
6.4 |
+6% |
|
Tax on profit from continuing activities |
(1.7) |
(1.7) |
|
|
Net result for the period |
4.9 |
4.6 |
+7% |
|
|
|
|
|
|
*Adjusted basic earnings per share (p) |
38.7 |
35.4 |
+9% |
|
*Adjusted diluted earnings per share (p) |
38.5 |
35.4 |
+9% |
* Adjusted operating profit and adjusted earnings per share are stated before one-off items, amortisation of intangible assets, share-based payments, the fair value movement on financial instruments and the net result from discontinued operations.
The Board of Zetar Plc considers that the adjusted results and adjusted EPS provide additional useful information on the Group's performance to shareholders. These measurements are used by Zetar Plc management for internal performance analysis and incentive compensation arrangements. The term "adjusted results" is not a defined term under IFRS and may not therefore be comparable with similarly titled profit measurements reported by other companies. It is not intended to be a substitute for, or superior to, GAAP measurements of profit. Further information on the items excluded from adjusted earnings is disclosed in the Notes to the consolidated financial statements contained within the relevant year’s Report and Accounts which can be found in the "Reports and Presentations" section of this website (2011’s to be published in August 2011).