|
|
2014 £000 |
|
2013 £000 |
% Change |
|
|
Revenue |
1,330,578 |
|
1,258,892 |
+5.7% |
|
|
Gross profit % |
48.5% |
|
48.7% |
|
|
|
Operating profit |
59,052 |
|
55,975 |
+5.5% |
|
|
Operating profit (before exceptional items) |
78,201 |
|
61,323 |
+27.5% |
|
|
Profit before tax and exceptional items |
76,999 |
|
60,465 |
+27.3% |
|
|
Profit before tax |
57,850 |
|
55,117 |
+5.0% |
|
|
Basic earnings per ordinary share |
82.52p |
|
79.71p |
+3.5% |
|
|
Adjusted basic earnings per ordinary share (see note 3) |
117.12p |
|
88.51p |
+32.3% |
|
|
Total dividend payable per ordinary share |
27.10p |
|
26.30p |
+3.0% |
|
|
Net cash at end of period |
45,276 |
|
45,636 |
|
|
Group Highlights
· Strong sales performance in Sport with gross margins maintained and operating profit (before exceptional items) increased by 20% to £93.4 million (2013: £77.9 million).
· Like for like sales for the 52 week period in the UK and Ireland combined core retail fascias increased by 6.7%.
· Further development of JD's international offering from additional stores in France and Spain and acquisitions of stores in the Netherlands and Germany.
· Turnaround of Outdoor business now progressing with combined Blacks and Millets fascias delivering a breakeven result (before exceptional items) in the second half compared to a loss of £4.9 million in the second half of the previous year and acquisition of Tiso building market presence.
· Difficult year in Fashion with operating losses (before exceptional items) increasing to £6.4 million (2013: loss of £1.7 million). A new Managing Director was appointed in Bank to drive the turnaround.
