Total operating profit before exceptional items, restructuring costs and amortisation of intangible assets was £110.8m (2008 £119.8m) on turnover of £296.0m (2008 £309.9m).
The post-summer slowdown in the economy heralded tougher trading conditions, but the business still delivered an improved operating profit (compared to the previous year), before exceptional items, restructuring costs and amortisation of intangible assets of £98.2m on turnover of £284.9m.
Excluding one-time items like restructuring costs and asset write-offs, the company made 53 cents a share.
Excluding items like restructuring costs, Kimberly-Clark earned $1.48 a share, well ahead of the analysts' average forecast of $1.34, according to Thomson Reuters.
Excluding discontinued operations, a tax benefit, a restructuring charge and other items, adjusted profit totaled $728 million, or 60 cents a share.
The software maker expected to lose 14 cents to 16 cents a share, excluding non-cash stock compensation, restructuring charges and other items, in the second quarter, which ended Aug. 31, it said.
UBS delivered an RoE of just 7.2%; Deutsche managed a paltry 7% only by stripping out its non-core unit (ie, the really bad stuff); BNP took until slide 71 to reveal its RoE of 7.7%.The banks argue that exceptional items like restructuring costs obscure the true picture.
Excluding 30 cents per share for a contract termination, restructuring charge and other items, earnings were 22 cents per share, well below analyst expectations for 30 cents.
The company said its earnings estimates excluded restructuring costs and other special items.
Earnings will be $1.60 to $1.75 a share before restructuring charges and one-time items, down from its already-reduced estimates of $1.95 to $2.10 a share, the company estimated.
