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Introduction Chairmans statement CEO's review Group strategy Operational review Financial review Responsibilities and governance Financial statements Five year summary Principal subsidiary undertakings Shareholder information


GUS Annual Report 2005



GUS has completed another successful year, with all three of our main businesses again achieving record profits. Sales from continuing operations increased by 7% to £7.6bn and profit grew by 10% to £910m before amortisation of goodwill, exceptional items and taxation.



Financial highlights
for the years ended 31 March       2005 2004 Change
Total sales £7.8bn £7.5bn up 3%
Profit before tax before amortisation of goodwill and exceptional items* £910m £827m up 10%
Earnings per share before amortisation of goodwill and exceptional items 63.8p 60.7p up 5%
Dividend per share       29.5p 27.0p up 9%
* One-off charges have been made covering the Argos OFT fine (£16.2m) and Homebase reorganisation costs (£18.3m). Excluding these one-off charges, Group PBT was £945m (up 14%).

 

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