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Financial highlights

For the year ended 30 April 2009*

2009 2008
Revenue £78.6m £57.1m
Adjusted operating profit £8.1m £6.1m
Profit before tax £6.5m £5.6m
Net funds £3.7m £2.1m
Adjusted earnings per share** 16.1 pence 14.6 pence
Proposed final dividend per share 1.2 pence 1.0 pence

* Please note that an unaudited restatement of the figures for the year ended 30 April 2009 was announced on 9 December 2009. This restatement will be finalised as part of the year ended 30 April 2010 audit.
** Excludes exceptional items (net of tax), amortisation of other intangible assets and share of results of joint ventures (net of tax).

Commenting on the results, Nick Prest CBE, Chairman of Cohort plc said: “Cohort has continued to make good progress. All of our businesses generated strong revenue growth, and achieved record results for the year. We continue to seek complementary acquisitions, whilst organically growing the existing businesses. Overall the Board is positive about the outlook.”