Half year to
30 June 2015
Half year to
30 June 2014
Headline operating profit1£54.1m£56.1m
Return on sales218.0%18.0%
Operating profit£32.1m£54.2m
Headline profit before taxation1£52.6m£54.5m
Profit before taxation£30.6m£52.6m
Headline operating cash flow3£40.2m£44.0m
Operating cash flow4£36.7m£42.8m
Net (debt) / cash£(7.0)m£5.5m
Basic headline earnings per share521.1p22.1p
Basic earnings per share510.6p21.1p
Interim dividend per share64.8p4.6p
  1. Headline operating profit and headline profit before taxation are before reorganisation costs of £19.9m (2014: £nil) and amortisation of acquired intangibles of £2.1m (2014: £1.9m).
  2. Return on sales is defined as headline operating profit as a percentage of revenue.
  3. Headline operating cash flow is defined as operating cash flow before cash flow relating to restructuring of £3.5m (2014: £1.2m).
  4. Operating cash flow is defined as cash generated by operations of £65.9m (2014: £74.3m) less net capital expenditure of £29.2m (2014: £31.5m).
  5. A detailed reconciliation is provided in note 5.
  6. See note 6.