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McMullen & Sons Ld (53HK)

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Thursday 15 January, 2004

McMullen & Sons Ld

Preliminary Results

McMullen & Sons Ld
14 January 2004

McMullen & Sons, Limited

Audited figures for the 52 weeks ended 27th September 2003 together with
comparative figures for 52 weeks for 2002.

NB The only shares listed are Preference Shares

                                                                                           2003             2002
                                                                                       52 weeks         52 weeks
                                                                                          £'000            £'000
Group Turnover                                                                           54,515           50,959

Group Profit on Ordinary Activities before Exceptional Items and                         10,159            9,073

Exceptional Items                                                                           513              507

Profit on Ordinary Activities including Exceptional Items and before                     10,672            9,580

Taxation                                                                                (3,661)          (3,225)

Group Profit after Taxation                                                               7,011            6,355

Dividends for the Year                                                Preferred           (443)            (443)
                                                                      Ordinary          (1,210)          (1,756)

Retained profit for the Year                                                              5,358            4,156

Interim Ordinary Dividends already paid                                                     907            1,590
being per Ordinary & Preferred Ordinary Share                                            (5.1p)        (8.9344p)

Proposed Interim Ordinary Dividend (payable 13th January 2004)                              303              166
being per Ordinary & Preferred Ordinary Share                                            (1.7p)        (0.9344p)

The figures for both financial years cover 52 week periods.

Group turnover for the year shows an increase of 7%.  Profit on Ordinary
Activities before Exceptional Items and tax has increased by 12%.  Profit after
Exceptional Items and tax increased by 10%.

Exceptional Items include profits on sales of Fixed Assets less financial and
advisory costs on group structure, both of which are irregular and distort
comparisons between years.

The Annual General Meeting will take place on 26th February 2004.

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                             

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