FINANCIAL HIGHLIGHTS

  2004 2003
Turnover £151.8m £129.1m
Operating profit £19.9m £17.5m
Pre-tax profit £19.6m £17.5m
Year end net funds £8.2m £11.7m
Earnings per share 40.8p 37.0p
Dividend per share 18.75p 17.00p
  • Turnover at £151.8m (2003: £129.1m) up £22.7m

  • Sales growth in all territories in constant currency terms*

  • Operating profit at £19.9m
    (2003: £17.5m) up £2.4m

  • Earnings per share of 40.8p
    (2003: 37.0p) up 3.8p

  • Dividend per share of 18.75p (2003: 17.00p) up 1.75p

    *Constant currency terms are calculated by comparing sales in the underlying currencies for 2003 and 2004, both converted at the 2003 average exchange rates as set out in the financial review.

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