HILLSDOWN HOLDINGS PLC &lt;HLDN.L> 1986 YEAR

  Shr 16.3p vs 12.2p
      Div 2.75p vs 2.25p making 3.8p vs 3.15p adjusted for
      Three-for-one capitalisation
      Pre-tax profit 54.9 mln stg vs 33.4 mln
      Turnover 1.70 billion vs 1.13 billion
      Tax 7.6 mln vs 2.6 mlnProfit attributable 51.9 mln vs 30.1   
   Mln
      Cost of Sales 1.49 billion vs 999.3 mln
      Gross profit 215.9 mln vs 136.2 mln
      Distribution costs 90.3 mln vs 57.2 mln
      Adminstrative expenses 65.9 mln vs 40.8 mln
      Other operating income 3.9 mln vs nil
      Interest payable 8.7 mln vs 4.8 mln
      Minority interests 1.0 mln vs 0.7 mln
      Extraordinary credit (sale of share in S and W Berisford
  Plc) 5.6 mln vs nil
      Operating profit includes -
      Poultry, eggs and animal feed 21.7 mln vs 17.2 mln
      Food processing and distribution 15.4 mln vs 6.9 mln
      Furniture and timber distribution 8.4 mln vs 3.4 mln
      Fresh meat and bacon 8.0 mln vs 4.5 mln
  

