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o2o Annual Report 31st December 2007
Results
Group revenue increased by 1.2% to £167.9m, up from £165.9m in 2006.
Underlying profit before tax at £11.6m was up from £11.5m in 2006, before exceptional and non-recurring costs of £2.3m (2006: £0.4m) and share option charges of £0.2m (2006: £0.8m). Profit before tax, after all such charges, was £9.0m (2006: £10.3m) and profit after tax was £6.3m (2006: £7.2m). Basic earnings per share were 17.4p (2006: 20.2p).
Net cash generated from operating activities, after reflecting cash payments in respect of exceptional and non-recurring costs, decreased to £5.4m (2006: £7.7m). At 31 December 2007, cash and cash equivalents balances were £7.0m, up from £6.3m in 2006.
