Half year to
30 June 2016
Half year to
30 June 2015
Headline operating profit1£49.3m£54.1m
Return on sales216.9%18.0%
Operating profit£47.1m£32.1m
Headline profit before taxation1£48.1m£52.6m
Profit before taxation£45.9m£30.6m
Headline operating cash flow3£38.0m£40.2m
Operating cash flow4£33.7m£36.7m
Net debt£5.5m£7.0m
Basic headline earnings per share518.3p21.1p
Basic earnings per share517.5p10.6p
Interim dividend per share65.0p4.8p
  1. Headline operating profit and headline profit before taxation are before reorganisation costs of £nil (2015: £19.9m) and amortisation of acquired intangibles of £2.2m (2015: £2.1m).
  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 £4.3m (2015: £3.5m).
  4. Operating cash flow is defined as cash generated by operations of £64.7m (2015: £65.9m) less net capital expenditure of £31.0m (2015: £29.2m).
  5. A detailed reconciliation is provided in note 5.
  6. See note 6.