REG-M&C Saatchi PLC Interim Results 2009 - Part 2
Released : 24/09/2009 06:01
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Part 2 : For preceding part double-click [nRn1X5663Z] Finance income 564 - (429) - 135 Finance expense (198) - - - (198) Profit before taxation 5,721 65 (429) - 5,357 Taxation (1,865) (19) - - (1,884) Profit AFTER taxation 3,856 46 (429) - 3,473 Minority interests (263) - - - (263) Profit attributable to equity holders of the Group 3,593 46 (429) - 3,210 BASIC EARNINGS PER SHARE Weighted average number of shares (thousands) 60,911 60,911 BASIC EPS 5.90p 5.27p Diluted earnings per share Weighted average number of shares (thousands) as above 60,911 60,911 Add - Float options 411 411 - LTIP options 1,144 1,144 Total 62,466 62,466 DILUTED EARNINGS PER SHARE 5.75p 5.14p Six months ended 30 June 2008 Reported results Amortisation of acquired intangibles & write off of Fair value adjustments to minority put option liabilities Notional interest on deferred consideration Headline & Segmental results goodwill £000 £000 £000 £000 £000 Revenue 51,769 - - - 51,769 Operating profit 7,255 466 - - 7,721 Share of results of associates (114) 14 - - (100) Finance income 978 - (234) - 744 Finance expense (572) - 169 (403) Profit before taxation 7,547 480 (234) 169 7,962 Taxation (2,470) (82) - - (2,552) Profit AFTER taxation 5,077 398 (234) 169 5,410 Minority interests 314 - - - 314 Profit attributable to equity holders of the Group 4,763 398 (234) 169 5,096 BASIC EARNINGS PER SHARE Weighted average number of shares (thousands) 59,085 59,085 BASIC EPS 8.06p 8.62p Diluted earnings per share Weighted average number of shares (thousands) as above 59,085 59,085 Add - Float options 411 411 - LTIP options 995 995 - Contingent consideration 3,047 3,047 Total 63,538 63,538 DILUTED EARNINGS PER SHARE 7.50p 8.02p Year ended 31 December 2008 Reported results Amortisation of acquired intangibles Impairment of acquired intangibles and Fair value adjustments to minority put Notional interest on deferred consideration Headline & Segmental results goodwill option liabilities £000 £000 £000 £000 £000 £000 Revenue 104,383 - - - - 104,383 Operating profit 10,766 575 2,398 - - 13,739 Impairment of associate (2,400) - 2,400 - - - Share of results of associates (81) - - - - (81) Finance income 3,350 - - (1,940) - 1,410 Finance expense (1,142) - - - 169 (973) Profit before taxation 10,493 575 4,798 (1,940) 169 14,095 Taxation (3,904) (164) (435) - - (4,503) Profit after taxation 6,589 411 4,363 (1,940) 169 9,592 Minority interests 568 - - - - 568 Profit attributable to equity holders of the Group 6,021 411 4,363 (1,940) 169 9,024 BASIC EARNINGS PER SHARE Weighted average number of shares 59,972 59,972 (thousands) BASIC EPS 10.04p 15.05p Diluted earnings per share Weighted average number of shares 59,972 59,972 (thousands) as above Add - Float options 411 411 - LTIP options 1,151 1,151 - Contingent consideration 205 205 Total 61,739 61,739 DILUTED EARNINGS PER SHARE 9.75p 14.62p 5. SEGMENTAL INFORMATION This segmental information is reconciled to the statutory results in Note 4. Six months to 30 June 2009 UK Europe Asia & Australia America New Offices Clear Total £000 £000 £000 £000 £000 £000 £000 REVENUE 23,757 4,546 15,354 1,304 150 4,690 49,801 OPERATING PROFIT EXCLUDING GROUP COSTS 5,016 469 1,566 (213) (579) 921 7,180 Group costs (1,467) (20) (131) (2) (33) - (1,653) Operating profit 3,549 449 1,435 (215) (612) 921 5,527 Share of result of associates - (107) - - - - (107) Finance income 65 7 57 1 - 5 135 Finance costs (161) (35) (2) - - - (198) profit before Taxation 3,453 314 1,490 (214) (612) 926 5,357 Taxation (1,030) (151) (485) 82 - (300) (1,884) Profit for the period 2,423 163 1,005 (132) (612) 626 3,473 Minority interests (62) (78) (167) 20 24 - (263) Profit attributable to Equity holders of the Group 2,361 85 838 (112) (588) 626 3,210 Headline BASIC EPS 5.27p COSTS INCLUDED IN OPERATING PROFIT: Depreciation and amortisation of software 307 82 566 16 5 80 1,056 Share option charges 86 - 46 2 - - 134 Office location London Paris Sydney Melbourne Auckland Wellington LA Sao Paulo Geneva London Amsterdam New York Berlin Madrid Kuala Lumpur Tokyo Hong Kong New Delhi Mumbai Hong Kong Shanghai Six months to 30 June 2008 UK Europe Asia & Australia America New Offices Clear Total £000 £000 £000 £000 £000 £000 £000 REVENUE 25,195 4,145 14,789 1,541 - 6,099 51,769 OPERATING PROFIT EXCLUDING GROUP COSTS 5,810 534 1,045 173 - 1,659 9,221 Group costs (1,353) (20) (126) (1) - - (1,500) Operating profit 4,457 514 919 172 - 1,659 7,721 Share of result of associates - (100) - - - - (100) Finance income 656 8 67 1 - 12 744 Finance costs (266) (99) (31) - - (7) (403) profit before Taxation 4,847 323 955 173 - 1,664 7,962 Taxation (1,374) (42) (567) (72) - (497) (2,552) Profit for the period 3,473 281 388 101 - 1,167 5,410 Minority interests (175) (30) (92) (17) - - (314) Profit attributable to Equity holders of the Group 3,298 251 296 84 - 1,167 5,096 Headline BASIC EPS 8.62p COSTS INCLUDED IN OPERATING PROFIT: Depreciation and amortisation of software 296 58 307 16 - 84 761 Share option charges 106 - 17 2 - - 125 Office location London Paris Sydney Melbourne Auckland Wellington LA - London Amsterdam New York Berlin Madrid Kuala Lumpur New Delhi Mumbai Hong Kong Shanghai Bangkok Singapore Year Ended UK Europe Asia & Australia America New Offices Clear Total 31 December 2008 £000 £000 £000 £000 £000 £000 £000 REVENUE 52,357 8,727 29,677 3,200 - 10,422 104,383 OPERATING PROFIT EXCLUDING GROUP COSTS 11,259 1,306 2,376 295 - 1,905 17,141 Group costs 3,088 38 273 3 - - 3,402 Operating profit 8,171 1,268 2,103 292 - 1,905 13,739 Share of result of associates - (81) - - - - (81) Finance income 1,180 45 162 2 - 21 1,410 Finance costs (672) (258) (43) - - - (973) profit before Taxation 8,679 974 2,222 294 - 1,926 14,095 Taxation (2,730) (209) (871) (103) - (590) (4,503) Profit for the period 5,949 765 1,351 191 - 1,336 9,592 Minority interests (240) (182) (114) (32) - - (568) Profit attributable to Equity holders of the Group 5,709 583 1,237 159 - 1,336 9,024 Headline BASIC EPS 14.62p COSTS INCLUDED IN OPERATING PROFIT: Depreciation and amortisation of software 605 129 772 31 - 169 1,706 Share option charges 96 - 36 1 - - 133 Office location London Paris Sydney Melbourne Auckland Wellington LA - London Amsterdam New York Berlin Kuala Lumpur Madrid New Delhi Mumbai Hong Kong Shanghai Bangkok Singapore 6. Finance Income Six months Six months Year More to follow