Trading Performance

 
  IFRS Basis
  2010 2009 2008 2007 2006
  £Ms £Ms £Ms £Ms £Ms
Group Turnover 76.2 74.8 72.7 69.1 64.2
Trading Activities  
TFP 1.3 2.1

1.4

2.1

0.8

Speciality Papers 3.4 (0.3)

1.3

1.4

(0.2)

Converting 0.4 0.4 0.5 0.5 0.1
TPMS (0.4) (0.4)

(0.4)

(0.4)

0.2

Group (1.2) (0.2)

(0.4)

(0.5)

-

Trading Operating Profit/(Loss) 3.6 1.6

2.4

3.1

0.9

JV + other I/(E) - -

-

(0.1)

-

Trading Profit before Interest 3.6 1.6

2.4

3.0

0.9

Net Interest (0.3) (0.5)

(0.4)

(0.5)

(0.5)

Trading Profit after Interest 3.3 1.1

2.0

2.5

0.4

Net Pension Adjustments
Operating Profit (0.3) (0.5)

(0.6)

(0.6)

(0.4)

Net Interest (0.6) 0.2

0.2

0.2

(0.1)

Net Pension Adjustment (0.9) (0.2) (0.4) (0.4) (0.5)
 
Profit before Tax (after pension adjustments) 2.4 0.9

1.6

2.1

(0.1)

EBITDA 6.7 4.7 5.6 6.3 6.4