*
Financial highlights

FOR THE YEAR ENDED MARCH 1998
1998 1997 1996
Turnover £15,640m £14,935m £14,446m
MCI break-up fee
net of expenses £238m - -
Operating profit £3,657m £3,245m £3,100m
Profit before taxation £3,219m £3,203m £3,019m
Windfall tax charge £510m - -
Profit after taxation £1,731m £2,101m £1,992m
Earnings per share 26.7p 32.8p 31.6p
Earnings per share before exceptional items 31.7p 32.8p 31.6p
Dividends per share - ordinary 19.00p 19.85p 18.70p
Dividends per share - special - 35.00p -
Net cash flow from operating activities £6,076m £6,192m £5,834m
Capital expenditure £3,030m £2,719m £2,771m


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