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Interim Results 2004

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  Core
Activities
6 months
ended
June 30
2004		 Core
Activities
6 months
ended
June 30
2003		 Notes Total
6 months
ended
June 30
2004		 Total
6 months
ended
June 30
2003
  Unaudited
€'000		 Unaudited
€'000		   Unaudited
€'000		 Unaudited
€'000
Turnover 40,366 37,185 1 44,965 43,674
Operating Profit 7,034 6,255 2 4,638 4,010
Profit before taxation 4,810 4,345 2 2,590 1,154
Adjusted earnings per ordinary share - cent 6.03 5.53 3 n/a n/a
Basic earnings per ordinary share - cent n/a n/a   2.61 1.27
Recurring Income       11,960 10,899
Interim dividend per ordinary share cent       0.76 0.73
Group Debt       41,200 62,800

Notes :

  1. Turnover in relation to core activities excludes amounts in respect of employee leasing.
  2. Core activity figures are stated before goodwill amortisation, discontinued activities and exceptional items.
  3. Adjusted earnings per share are calculated before goodwill amortisation and exceptional items.

Commenting on the results, Richard Hayes chief executive said

"Further significant debt reduction, strong growth in our more mature businesses and a large investment training in the half year give us confidence of delivering good growth in earnings in the years ahead."

For Further information please contact :
Richard Hayes
Chief Executive
IFG GROUP PLC
Tel Dublin (353 - 1) 2752800
E-mail: group@ifg.ie 

© IFG Group plc 2007
Registered in the Republic of Ireland No. 21010
Registered Office: IFG House, Booterstown Hall, Booterstown, Co. Dublin
Tel: + 353 (0)1 2752800 | Fax: + 353 (0)1 2752801
Email: group@ifg.ie