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Financial Highlights:
- Group revenues of £2.27 billion (2005: £2.29 billion)
- Operating profit of £33.6 million before exceptional items (2005: £29.3 million)
- Pre-exceptional profit before tax of £38.0 million (2005: £35.7 million)
- Pre-exceptional diluted earnings per share of 13.8p (2005: 11.8p)
- Final dividend of 5p per share, total dividend 7.5p (2005: 7.5p)
- Return of £74.4 million to shareholders in July 2006
- Net funds before customer-specific financing of £29.4 million (2005: £101.0 million)
Operating Highlights:
- UK Product business showing benefits of re-engineering with improved performance and market share
- In UK Services, a strong performance from Technology Solutions unit compensating for slower growth from contractual services
- Continued effort to expand and strengthen the Group’s services capability, augmented by the acquisition post year-end of Digica
- Good underlying progress in the German business, however higher than expected costs for the implementation of new shared datacentre contracts
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