Income Statement: Half Year 2020

For half year ended 30 June 2020

    Six months ended 30 June 2020 Six months ended 30 June 2019 Year ended 31 December 2019
    Results before specific adjusting items Specific adjusting items1 Total Results before specific adjusting items Specific adjusting items1 Total Results before specific adjusting items Specific adjusting items1 Total
  Note £m £m £m £m £m £m £m £m £m
Revenue  2 477.8 - 477.8 525.8 - 525.8 1,049.5 - 1,049.5
Operating costs before amortisation of intangible assets    (424.9) (68.9) (493.8) (458.4) - (458.4) (915.3) - (915.3)
Profit/(loss) from operations before amortisation of intangible assets 2 52.9 (68.9) (16.0) 67.4 - 67.4 134.2 - 134.2
Amortisation of intangible assets    (3.7) - (3.7) (4.1) - (4.1) (8.1) - (8.1)
Operating profit/(loss)  2 49.2 (68.9) (19.7) 63.3 - 63.3 126.1 - 126.1
Finance income   0.5 - 0.5 0.6 - 0.6 1.9 - 1.9
Finance expense    (6.4) - (6.4) (9.2) - (9.2) (18.8) - (18.8)
Net financing costs  4 (5.9) - (5.9) (8.6) - (8.6) (16.9) - (16.9)
Share of profit of associate (net of income tax)   0.1 - 0.1 - - - 0.5 - 0.5
Profit/(loss) before taxation   43.3
(68.9)
(25.5)
54.7 - 54.7 109.7 - 109.7
Income tax (charge)/credit  5 (11.7) 10.2 (1.5) (15.3) - (15.3) (29.9) - (29.9)
Profit/(loss) from continuing operations    31.7 (58.7) (27.0) 39.4 - 39.4 79.8 - 79.8
Profit from discontinued operations  6 - 0.8 0.8 - - - 0.7 0.8 1.5
Profit/(loss) for the period    31.7 (57.9) (26.2) 39.4 - 39.4 80.5 0.8 81.3

Profit/(loss) for the period attributable to:

                   

Shareholders of the Company 

  29.1 (56.5) (27.4) 35.3 - 35.3 72.3 0.8 73.1
Non-controlling interests    2.6 (1.4) 1.2 4.1 - 4.1 8.2 - 8.2
Profit/(loss) for the period   31.7 (57.9) (26.2) 39.4 - 39.4 80.5 0.8 81.3
Earnings per share 7 7                  
Continuing and discontinued operations                    
Basic earnings/(loss) per share        (9.6)p     12.4p      25.7p
Diluted earnings/(loss) per share        (9.6)p     12.3p      25.5p
Continuing operations                    
Basic earnings/(loss) per share        (9.9)p     12.4p      25.2p
Diluted earnings/(loss) per share       (9.9)p     12.3p      25.0p
Dividends2                    

Proposed interim dividend

- pence 

      -     4.00p     4.00p
- £m       -     11.4     11.4

Final dividend3

pence -

                  -
- £m                   -
1. Details of specific adjusting items are given in note 3 to the condensed consolidated financial statements.
2. The proposed interim and approved final dividends are based upon the number of shares outstanding at the balance sheet date.
3. On 31 March 2020, the Group announced the Board's decision to withdraw the proposed 2019 final dividend due to the financial uncertainty resulting from the Covid-19 pandemic.

See our 2019 full year Financial Highlights to learn more.