Financial Results
Interim Results
12 September 2000
Unaudited interim statement six months ended 30 June 2000
Underlying results*
| £ millions | Six months ended 30 June 2000 |
Six months ended 30 June 1999 |
Reported Increase |
Constant currency Increase |
|---|---|---|---|---|
| Turnover | £2,796.0 | £2,260.1 | 24% | 31% |
| Revenue | £212.4 | £129.5 | 64% | 73% |
| Gross profit | £173.1 | £123.3 | 40% | 48% |
| Operating profit* | £36.8 | £28.6 | 29% | 39% |
| Pre-tax profit* | £34.7 | £29.1 | 19% | 28% |
* Underlying results exclude amortisation of goodwill and profit on disposal of an associated undertaking.
- Continued strong new business performance, with net wins of US $1,031 million in annualised billings (1999 $806 million).
- Gross margins rise from 5.5% to 6.2%.
- Continued strong operating cash flow generation.
- Underlying diluted earnings per share increases 9% to 2.2p (17% on constant currency).
- Interim dividend up 15% to 0.46p (1999: 0.4p).
- Establishment of Carat Interactive as a pan-European and US brand in interactive media planning and buying.
- eVerger, our interactive venture capital joint venture, makes investments of over $22 million.