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Presentation - Kier Group

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Operating profitPerformance by divisionConstructionSix months to 31 December2011£m17.82010£m19.8Change%-10Services9.810.9-10Property: Property & PFI (including profit on disposal of PFI investments)Homes8.41.61.71.7+194Corporate(2.0)(1.9)+5Operating profit*35.632.2+11Net finance cost(1.4)(0.1)-JV finance cost(0.1)(0.7)-JV tax(0.1)(0.1)-Pre-tax profit*34.031.3+9* Before amortisation of intangible assets9

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