Consolidated Income Statement
Consolidated Income Statement
Unaudited Audited
6 months
ended
31 December
12 months
ended
30 June
Note 2018
£m
2017
£m
2018
£m
Revenue  970 890 1,920
Cost of sales (737) (672) (1,451)
Gross profit 233 218 469
Administrative expenses (46) (43) (87)
Operating profit 187 175 382
Financial income 1 2 3
Financial costs (3) (5) (10)
Net financing costs (2) (3) (7)
Share of profit of joint ventures after interest and taxation - 4 5
Profit before tax 185 176 380
Income tax expense 2 (35) (33) (72)
Profit for the period 150 143 308
Earnings per share - basic 4 41.5p 39.5p 85.3p
                                - diluted 4 41.4p 39.3p 85.2p