*
*
*
FINANCIAL HIGHLIGHTS
1988
1987
Turnover
$M
674
636
+ 6.0%
Profit attributable to shareholders
$M
89
85
+ 4.8%
Dividends
$M
46
37
+ 25.0%
Shareholders' funds
$M
1,026
810
+26.7%
Earnings per share
Cents
51.1
51.1
Dividend per share
Cents
25.0
22.0
+13.6%
Dividend cover
Times
1.9
2.3 -17.4%
Return on equity
8.7%
10.5% -17.1%
5.6
4.9 +14.3%
Net assets per share
* These items have been affected by property revaluation.
GROUP PROFIT AFTER TAXATION
GROUP TURNOVER
900
90
88 28
800
80
85
89
700
70
600
60
500
674
50
636
400
40
30
43
42
20
10
0
561
300
486
392
438
200
100
$ Millions
4
1984
1985
1986
1987
1988
$ Millions
1984
1985
1986
1987
1988