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In the 2004
financial year, group operating profit from continuing activities
before goodwill amortisation and the exceptional items described
above, of £2,892 million was 4% higher than in the 2003 financial
year, which in turn was 1% higher than in the 2002 financial year.
Total
group operating profit for the 2004 financial year was £2,873
million compared to a profit of £2,572 million in the 2003
financial year and a loss of £479 million in the 2002 financial
year. The 2002 financial year loss reflects the losses generated
by the discontinued activities and the exceptional charges of £2,707
million. |