HILLSDOWN HOLDINGS PLC <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