"The Group finished the year on a more positive note and saw the benefit during 2016 of its exposure to multiple markets. We had an active year on the development front with the opening of seven new Selco branches, the completion of two bolt-on acquisitions in the UK and we agreed to acquire Gunters en Meuser in the Netherlands. A strong balance sheet and excellent cash generation from operations support these developments and our ongoing strategic initiatives." – Gavin Slark (13 January 2017)

Group Condensed Income Statement for the six months ended 30 June 2016

Continuing activities Notes 2016
(Unaudited)
£’000
2015
(Unaudited)
£’000
Revenue 2 1,228,356 1,083,705
Operating costs   (1,164,585) (1,028,630)
Property profits 3 3,537 6,090
Operating profit before exceptional items   67,308 61,165
Exceptional items 3 (1,200) -
Operating profit   66,108 61,165
Finance expense 4 (4,200) (3,941)
Finance income 4 854 672
Profit before tax   62,762 57,896
Income tax expense 17 (12,204) (10,884)
Profit after tax for the financial period   50,558 47,012
Profit attributable to:
Owners of the Parent   50,656 46,937
Non-controlling interests 8 (98) 75
Profit after tax for the financial period   50,558 47,012
Earnings per ordinary share - basic 5  21.5p 20.2p
Earnings per ordinary share - diluted 5  21.4p 20.0p