| Results | 2005 | 2004† | % Change |
| Revenue | £152.5m | £148.9m | 2.4% |
| Operating profit (before exceptional items) | £21.3m | £20.7m‡ | 2.8% |
| Exceptional items: - profit on sale of land |
1 £6.3m |
1 - |
1 - |
| Profit before tax | £25.8m | £18.0m | 43% |
| Earnings per share | 11.5p | 8.0p | 44% |
| Earnings per share (before exceptional items) | 8.7p | 8.0p | 9% |
| Dividend per share | 4.4p | 4.0p | 10% |
| Net debt | £17.7m | £25.5m | - |
| † | Prior year numbers have been restated to incorporate adjustments required under IFRS. |
| ‡ | Including the share of the loss of the joint venture. |
"2005 was another year of achievement and progress. The group continued to increase its revenue, unit volumes and profits and we again saw growth in each of our major trading regions.
"We believe there is further significant revenue growth potential in the developing markets of South East Asia, Eastern Europe and Latin America and we have a number of new products under development to support these aims. With strong growth continuing in the Cutisin range, we have decided to accelerate our development plans for the Czech operations by increasing the level of investment in the new manufacturing plant being installed in our Jilemnice facility.
"With many opportunities to invest in the improvement, development and expansion of our core casing business around the world, the Board is confident about the future outlook for the group."
| Graeme Alexander | Chief Executive | 020 7404 5959 on 1 March 2006 |
| John Neilson | Finance Director | 01236 879191 thereafter |
| Jon Coles/Mark Antelme | Brunswick | 020 7404 5959 |