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Note 52 weeks ended
28 June 2020
£m
52 weeks ended
30 June 2019
£m
Revenue 2 1,339 2,112
Cost of sales (1,097) (1,608)
Gross profit 242 504
Administrative expenses (94) (93)
Operating profit 2 148 411
Financial income 3 2 3
Financial costs 3 (10) (8)
Net financing costs (8) (5)
Share of profit of joint ventures after interest and taxation 11 - -
Profit before tax 140 406
Income tax expense 4 (27) (77)
Profit for the period 113 329
Earnings per share - basic 6 32.9p 92.3p
- diluted 6 32.8p 92.0p
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