Quarterly analysis of turnover and profit
(UNAUDITED) YEAR ENDED 31 MARCH 1998 *


Quarters 1st
£m
2nd
£m
3rd
£m
4th
£m
Total
£m
* * * * * *

Turnover

 

3,798

3,951

3,939

3,952

15,640

Other operating income (a)

 

25

26

279

42

372

* * * * * *

Operating profit (b)

 

891

813

1,149

804

3,657

Group’s share of profits (losses) of associated undertakings

 

6

(91)

(90)

(77)

(252)

Profit (loss) on sale of group undertakings

 

20

(2)

45

63

Interest receivable

 

59

72

20

14

165

Interest payable

 

(95)

(104)

(105)

(110)

(414)

* * * * * *

Profit on ordinary activities before taxation

 

881

688

1,019

631

3,219

Tax on profit on ordinary activities:

           

Corporation and similar taxes

 

(278)

(216)

(285)

(199)

(978)

Windfall tax

 

(510)

(510)

* * * * * *

Profit (loss) on ordinary activities after taxation

 

603

(38)

734

432

1,731

Minority interests

 

(4)

6

(14)

(13)

(25)

* * * * * *

Profit (loss) for the financial period

 

599

(32)

720

419

1,706

* * * * * *

Earnings (loss) per share

 

9.4p

(0.5p)

11.2p

6.5p

26.7p

Earnings per share before exceptional items

 

9.4p

7.5p

8.3p

6.5p

31.7p

Fully diluted earnings per share

 

9.2p

n/a

11.0p

6.5p

26.3p

Fully diluted earnings per share before exceptional items

9.2p

7.3p

8.2p

6.5p

31.2p

* * * * * *

(a)Including MCI merger break up fee net of expenses

 

238

238

(b)Including redundancy charges

 

16

1

15

74

106

* * * * * *

(UNAUDITED) YEAR ENDED 31 MARCH 1997

 

Quarters 1st
£m
2nd
£m
3rd
£m
4th
£m
Total
£m
* * * * * *

Turnover

 

3,641

3,725

3,763

3,806

14,935

Other operating income

 

34

17

31

24

106

* * * * * *

Operating profit (a)

 

870

770

910

695

3,245

Group’s share of profits of associated undertakings

 

38

44

27

30

139

Profit on sale of group undertakings

 

4

4

8

Interest receivable

 

44

60

53

49

206

Interest payable

 

(87)

(84)

(85)

(79)

(335)

Premium on repurchase of bonds

 

(60)

(60)

* * * * * *

Profit on ordinary activities before taxation

 

869

730

909

695

3,203

Tax on profit on ordinary activities

 

(296)

(261)

(309)

(236)

(1,102)

* * * * * *

Profit on ordinary activities after taxation

 

573

469

600

459

2,101

Minority interests

 

(4)

(8)

(1)

(11)

(24)

* * * * * *

Profit for the financial period

 

569

461

599

448

2,077

* * * * * *

Earnings per share

 

9.0p

7.3p

9.4p

7.1p

32.8p

Fully diluted earnings per share

 

8.9p

7.2p

9.2p

6.9p

32.2p

* * * * * *

(a)Including redundancy charges

 

52

183

39

93

367

* * * * * *

 

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