Please note that this company profile is now out of date but remains here for its pedagogic value. A more up-to-date company profile for Boots can be found here.
Can I have some financial information about the company?
| 1999 | 2000 | 2001 | 2002 | 2003 | |
|---|---|---|---|---|---|
| Turnover (£m) | 5,045 | 5,189 | 5,226 | 5,332 | 5,327 |
| Operating Profit (£m) | 562 | 565 | 580 | 626 | 544 |
| Dividend per share (p) | 23.8 | 25.2 | 26.3 | 27.4 | 28.6 |
Source: Boots Web site 'Financial Data' (http://www.boots-ir.com/boots/financialdata/)
Does this data suggest why Boots felt the need to set up a cost-cutting operation in 2002-03?