Highlights

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2007 2006
INCOME STATEMENT
Average sales price per Gigajoule (£/GJ) 1.62 1.41
Operating profit (£m) 82.7 27.6
Profit before tax (£m) 69.0 17.6
Earnings per share (pence) 59.9 11.7
Earnings per share excluding tax (pence) 44.0 11.7
BALANCE SHEET
Net assets (£m) 358.2 244.1
Net assets per share (£) 2.28 1.56
Year end gearing (%) 23 28

OPERATING PROFIT
UP BY 200%

Operating Profit

EARNINGS PER SHARE
UP BY 412%

NET ASSETS
UP BY 47%

Net Assets