Management Consulting Group PLC Half Yearly -6-

The calculation of the earnings per share is based on the following data:

 
                                                      Unaudited     Unaudited 
                                                     six months    six months 
                                                          ended         ended 
                                                   30 June 2012  30 June 2011 
                                                        GBP'000       GBP'000 
-------------------------------------------------  ------------  ------------ 
Earnings 
Earnings for the purposes of basic earnings per 
 share and diluted earnings per share being net 
 profit for the period attributable to owners 
 of the Company                                           4,704         9,123 
Amortisation of acquired intangibles                      1,244         1,332 
Non-recurring items                                       1,044           269 
Tax on exceptional items                                  (813)         (335) 
-------------------------------------------------  ------------  ------------ 
Earnings for purpose of basic earnings per share 
 excluding amortisation of acquired intangibles 
 and non-recurring items                                  6,179        10,389 
-------------------------------------------------  ------------  ------------ 
 
 
                                                                Number  Number 
                                                                   (m)     (m) 
--------------------------------------------------------------  ------  ------ 
Number of shares 
Weighted average number of ordinary shares for the purposes 
 of basic earnings per share and basic excluding amortisation 
 of acquired intangibles and non-recurring items                 485.8   436.3 
Effect of dilutive potential ordinary shares: 
- share options, performance share plan and warrants                 -    23.3 
--------------------------------------------------------------  ------  ------ 
Weighted average number of ordinary shares for the purposes 
 of diluted earnings per share                                   485.8   459.6 
--------------------------------------------------------------  ------  ------ 
 
 
                                                      Pence  Pence 
----------------------------------------------------  -----  ----- 
Basic earnings per share - continuing operations        1.0    2.1 
Diluted earnings per share - continuing operations      1.0    2.0 
Basic earnings per share - excluding amortisation 
 of acquired intangibles and non-recurring items        1.3    2.4 
----------------------------------------------------  -----  ----- 
Diluted earnings per share - excluding amortisation 
 of acquired intangibles and non-recurring items        1.3    2.3 
----------------------------------------------------  -----  -----

The average share price for the six months ended 30 June 2012 was 33.4p (30 June 2011: 34.1p).

7. Notes to the cash flow statement

 
                                                         Unaudited     Unaudited 
                                                        six months    six months 
                                                             ended         ended 
                                                      30 June 2012  30 June 2011 
                                                           GBP'000       GBP'000 
----------------------------------------------------  ------------  ------------ 
Profit from continuing operations                            9,547        13,740 
Adjustments for: 
Depreciation of property, plant and equipment                  518           440 
Amortisation of intangible assets                            1,929         1,990 
Profit on disposal of plant and equipment                        -          (35) 
Adjustment for cost of share-based payments                  1,429           801 
Increase in provisions                                         451         1,826 
----------------------------------------------------  ------------  ------------ 
Operating cash flows before movements in working 
 capital                                                    13,874        18,762 
Increase in receivables                                   (11,145)      (17,118) 
(Decrease)/increase in payables                            (4,108)         7,273 
----------------------------------------------------  ------------  ------------ 
Cash (absorbed)/generated by operations                    (1,379)         8,917 
Income taxes paid                                          (4,508)       (2,182) 
----------------------------------------------------  ------------  ------------ 
Net cash (outflow)/inflow from operating activities        (5,887)         6,735 
----------------------------------------------------  ------------  ------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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