The $18.0 million increase in Nitrogen Production pretax earnings
reflects the following:
The $6.2 million increase in Nitrogen Production pretax earnings
After including the Carefusion gain, a 5.5% increase in interest expense to $46.3 million and other expense of $4.5 million compared to income of $13.2 million a year ago, pretax earnings
from ongoing lines improved 7.8% to $810.6 million.
Land O'Lakes Dairy Foods business reported pretax earnings
of USD 61.0 million for the year, compared to USD 16.3 million in pretax earnings
No bonus was paid for the first half of the year, but the goalposts were moved for the second half - with Next having to achieve pre-tax profits of pounds 427m and pretax earnings
per share of 215p or more.
Under Next's previous measure, the company's pretax earnings
per share (EPS) had to increase by at least 5% for any bonus to be paid.
The company contributes about 12 percent of its pretax earnings
to the profit-sharing plan.
In September, Stadium reported pretax earnings
rose 13% to [pounds sterling]1.4 million.
Botham's new responsibilities include managing LOL Foundation's charitable giving, which is 2% of the company's annual pretax earnings
. She also will lead the company's community relations efforts, oversee its food donations and coordinate its annual United Way campaigns and will continue to lead media and public relations.
For 2005, accounting for all stock options will mean expensing $12 million on pretax earnings
of $250 million, or about 5%, Nagel estimates.
The deal is expected to close sometime after April and will generate about $27 million in pretax earnings
GE Insurance spokesman Mike Kachel said GE Edison Life has been a profitable business, with pretax earnings
of between $230 million and $255 million in each of the past three years.