News Releases issued to the Stock Exchange
30 April 1998

Interim results for 6 months to 28 February 1998

Summary of Results Group Profit & Loss Account
Main Points Group Balance Sheet
Chairman's Statement Group Cash Flow Statement
Chief Executive's Review Review Report to Allied Domecq PLC
Financial Performance Notes 1-3, Notes 4-6, Notes 7-10
Further Information City Presentation - Slides

SUMMARY OF RESULTS

Summary

Sir Christopher Hogg, Chairman, commented: "Improving business performance is the essential basis for enhancing long term value and today's results underpin our confidence on this score."

Financial Highlights

 

 

1998

(m)

 

1997

(m)

Reported growth

 
(%)

Constant currency growth

(%)

Trading Profit

372

372

-

6

Finance charges

(52)

(55)

Profit before Tax*

320

317

1

8

Tax*

(1998 26%: 1997 adjusted to 28%**)

(83)

(89)

Profit after tax*

237

228

4

11

Minorities and preference dividends

(15)

(14)

Earnings*

222

214

4

10

EPS*

21.3p

20.5p

4

10

Dividend per share***

9.73p

9.44p

3

* Normalised

** The 1997 interim tax charge has been restated from 32% to 28% to reflect the rate for the year

*** The interim dividend is to be paid as a Foreign Income Dividend

   
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